Zimbabwe paid $134 million as compensation to white former commercial farmers last year, helping to widen the budget deficit, Finance Minister Patrick Chinamasa said on Thursday.
A Zimbabwean farmer addresses a meeting of white commercial farmers in the capital Harare, February 5, 2010. The farmers discussed ways in which they can force the Zimbabwe government to pay compensation for their confiscated farming land and have decided to take their case to the Southern African Development Community (SADC) Tribunal Court in March. REUTERS/Philimon Bulawayo (ZIMBABWE – Tags: AGRICULTURE POLITICS) – RTR29V35
President Robert Mugabe’s government in 2000 began seizing white-owned farms saying this was to redress colonial imbalances. The IMF has said compensation the farmers is among the requirements for Zimbabwe to access new foreign funding.-Reuters