JOURNAL ARTICLE

Zimbabwe Issues Dollar Bonds to Pay Ex-Farmers for Land Grabs.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Ndlovu, Ray 3 of 3

Abstract

Zimbabwe issued treasury bonds worth $308 million and made small cash payments to White farmers who were dispossessed of their property 25 years ago under a state-backed land reform program. The payments are part of a "Global Compensation Deed" signed in 2020, committing Zimbabwe to pay $3.5 billion for improvements done on the farmland. This initiative aims to resolve a long-standing dispute stemming from former President Robert Mugabe's actions, which led to sanctions and the country's exclusion from international capital markets. Zimbabwe is also compensating foreign nations and nationals as it seeks to restructure its debt, with 57% of its $21 billion debt owed to external creditors. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/04, pN.PAG
  • Document Type:Article
  • Subject Area:Law
  • Publication Date:2025
  • Accession Number:184402277
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