Zimbabwe is considering ways to compensate foreign farmers who were evicted from their land, saying the government ignored international treaties on foreign investment during on often-violent farm seizure campaign that triggered a decade-long recession.
The decision is a further step back by President Robert Mugabe’s government from a program that’s been the cornerstone of its political policies since the invasions began in 2000. Then the ruling Zimbabwe African National Union-Patriotic Front needed to shore up support from rural voters before an election, which it came close to losing. The invasions slashed export income from crops, helped caused famines and an economic and political crisis that ended assistance from international lending agencies and resulted in sanctions against Mugabe and his closest allies.
“Agreements were not respected when we started land reform, but that’s now going to be corrected,” Lands and Rural Resettlement Minister Douglas Mombeshora said in an interview in Harare, the capital, on Friday. The government will conduct an audit of all farmland, identifying how much was taken and from whom, he said, without specifying how those deemed to have been unfairly treated would be affected.
The southern African country entered into Bilateral Investment Protection Agreements with many countries, and “we’re going to respect them,” Mombeshora said. “We are looking at every farm situation that was affected.”
Zimbabwe’s Finance Ministry proposed establishing a fund to compensate farmers on March 9. The country evicted about 3,500 mainly white farmers, of which some were foreign. About 300 white farmers remain on their land, according to the Commercial Farmers Union, which represents large-scale agriculture.
How Entrepreneurs Fail at Blockchain StartupsGo to article >>
Mugabe’s government is considering the plans as it seeks to restore relations with the International Monetary Fund and western donors and kick start growth in an economy that’s half the size it was 16 years ago.
(Updates with impact of invasions in second paragraph.)
To contact the reporter on this story: Brian Latham in Harare at firstname.lastname@example.org. To contact the editors responsible for this story: Karl Maier at email@example.com, Antony Sguazzin at firstname.lastname@example.org, John Bowker, Michael Gunn
©2016 Bloomberg News