ZIMBABWE’S Finance ministry has started issuing American dollar-denominated bonds to ex-commercial farmers, as part of its Global Compensation Deed (GCD), broader debt reduction and arrears programme.
This comes as the country has been creaking under a US$21 billion debt and the Harare administration has been engaged in talks with various creditors, which has resulted in short-term programmes such as the US$3,1 million cash disbursement to the first batch of 378 processed farms and debt instruments.