AfDB proposes fast-track compensation plan for Zimbabwean farmers.
The African Development Bank (AFDB) has proposed financial instruments to "fast track and front load" $3.5 billion in compensation to white farmers whose land was taken by Zimbabwe's government. The bank's president, Akinwumi Adesina, did not provide details of the proposed instruments. Zimbabwe agreed in 2020 to compensate local white farmers whose land was taken by the government from 2000 onwards to resettle Black families. The country has more than $14 billion in external debt and has not been able to secure financing from the likes of the International Monetary Fund in more than two decades due to its arrears.