Photographer: Ulrich Baumgarten/Getty Images

Zimbabwe Paid $120 Million in Compensation to ‘Former Farmers’

Zimbabwe has paid $120 million to “former farmers,” the country’s finance minister said in a budget document.

In 2000 the government started encouraging the seizure of land from white commercial farmers and then replaced them with black subsistence farmers, saying it was an attempt to rectify historical injustices. The program came as President Robert Mugabe faced his strongest ever political challenge from an opposition party. That prompted lawsuits from farmers and objections from the European Union and lenders including the International Monetary Fund.

Since then the economy has halved in size as agricultural exports slumped.

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