{"id":5259,"date":"2024-10-22T07:15:55","date_gmt":"2024-10-22T07:15:55","guid":{"rendered":"http:\/\/zimgbcnews.co.zw\/?p=5259"},"modified":"2024-10-22T07:15:57","modified_gmt":"2024-10-22T07:15:57","slug":"zim-govt-paves-way-to-pay-former-white-farmers-over-improvements-on-grabbed-land","status":"publish","type":"post","link":"http:\/\/zimgbcnews.co.zw\/?p=5259","title":{"rendered":"Zim Govt Paves Way to Pay Former White Farmers Over Improvements on Grabbed Land"},"content":{"rendered":"\n<p><br>Political Correspondent<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>The Zimbabwean government has made significant progress in compensating former farm owners, with 444 cleared for payment under the Global Compensation Deed.<\/p>\n\n\n\n<p>This initiative aims to settle the $3.5 billion debt owed to farmers for improvements made on acquired farmlands over two decades ago.<\/p>\n\n\n\n<p>Compensation Breakdown<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$35 million allocated in the 2024 national budget for compensating former farm owners.<\/li>\n\n\n\n<li>92 farms approved for payment under the Bilateral Investment Protection and Promotion Agreements (BIPPAs).<\/li>\n\n\n\n<li>$20 million set aside for BIPPA farmers in the 2024 budget.<\/li>\n<\/ul>\n\n\n\n<p>Eligibility for Compensation<\/p>\n\n\n\n<p>Farmers from countries that signed and ratified BIPPAs by 2000 are eligible for payment, including Denmark, Switzerland, Germany, Netherlands, and Yugoslavia.<\/p>\n\n\n\n<p>Zimbabwe&#8217;s Debt Situation<\/p>\n\n\n\n<p>The country&#8217;s total public debt stands at $21 billion, with external debt at $12.3 billion and domestic debt at $8.7 billion. Multilateral creditors are owed $3.1 billion, with significant amounts due to the African Development Bank ($681 million), World Bank ($1.5 billion), and European Investment Bank ($427 million).<\/p>\n\n\n\n<p>Progress and Future Directions<\/p>\n\n\n\n<p>The government has established a Structured Dialogue Platform to facilitate dialogue on economic and governance reforms, championed by AfDB president Dr. Akinwumi Adesina and supported by Mozambique&#8217;s former President Joachim Chissano. This initiative aims to accelerate efforts to achieve debt resolution goals and promote economic growth and stability.<\/p>\n\n\n\n<p><strong>Zim GBC News\u00a92024<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Political Correspondent The Zimbabwean government has made significant progress in compensating former farm owners, with 444 cleared for payment under the Global Compensation Deed. This initiative aims to settle the&hellip; <\/p>\n","protected":false},"author":1,"featured_media":5260,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/zimgbcnews.co.zw\/index.php?rest_route=\/wp\/v2\/posts\/5259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/zimgbcnews.co.zw\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/zimgbcnews.co.zw\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/zimgbcnews.co.zw\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/zimgbcnews.co.zw\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5259"}],"version-history":[{"count":1,"href":"http:\/\/zimgbcnews.co.zw\/index.php?rest_route=\/wp\/v2\/posts\/5259\/revisions"}],"predecessor-version":[{"id":5261,"href":"http:\/\/zimgbcnews.co.zw\/index.php?rest_route=\/wp\/v2\/posts\/5259\/revisions\/5261"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/zimgbcnews.co.zw\/index.php?rest_route=\/wp\/v2\/media\/5260"}],"wp:attachment":[{"href":"http:\/\/zimgbcnews.co.zw\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/zimgbcnews.co.zw\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5259"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/zimgbcnews.co.zw\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}