{"id":45124,"date":"2021-08-17T16:54:25","date_gmt":"2021-08-17T14:54:25","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/?p=45124"},"modified":"2021-08-17T15:35:40","modified_gmt":"2021-08-17T13:35:40","slug":"govt-may-borrow-to-pay-evicted-white-farmers","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/govt-may-borrow-to-pay-evicted-white-farmers","title":{"rendered":"Govt May Borrow To Pay Evicted White Farmers"},"content":{"rendered":"

Africa-Press<\/a> – Zimbabwe<\/a>. <\/strong><\/span>The government is considering borrowing money directly from private investors to fund the first half of a $3.5 billion compensation agreement with white farmers whose land was seized for redistribution to blacks two decades ago.<\/p>\n

Government, which last month appointed London-based Newstate Partners to help raise the money, needs to secure $1.75 billion by July next year to meet its obligations.<\/p>\n

While the government is likely to press ahead with publicly stated plans to sell an international bond to finance the compensation accord, that option probably won\u2019t be viable, said the source who asked not to be identified as the information hasn\u2019t been disclosed publicly, Bloomberg reported.<\/p>\n

A bond is deemed too expensive and in any case, will need a guarantee from a multilateral lender.<\/p>\n

That\u2019s unlikely to be forthcoming as Zimbabwe hasn\u2019t paid its arrears on more than $8 billion in debt, meaning it can\u2019t borrow fresh capital from them.<\/p>\n

If money is raised from private investors, a special-purpose vehicle (SPV) could be set up offshore and a portion of the country\u2019s tax or royalty earnings from mineral exports could be diverted into it to repay them over a number of years with interest, the Bloomberg source said.<\/p>\n

The SPV could also be used as a guarantee to bolster the confidence of potential lenders, the source added.<\/p>\n

Zimbabwe\u2019s main exports include platinum-group metals, gold and tobacco.<\/p>\n

Efforts by the publication to get a comment from Finance minister Mthuli Ncube and permanent secretary George Guvamatanga were fruitless as they didn\u2019t respond to calls and text messages seeking comment.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. The government is considering borrowing money directly from private investors to fund the first half of a $3.5 billion compensation agreement with white farmers whose land was seized for redistribution to blacks two decades ago. Government, which last month appointed London-based Newstate Partners to help raise the money, needs to secure $1.75 […]<\/p>\n","protected":false},"author":84,"featured_media":45123,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,8,35,12,15],"tags":[1493,2189,2432,116,2430,2431,19],"class_list":{"0":"post-45124","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-head-lines","9":"category-homepage-english","10":"category-policy","11":"category-twitter","12":"tag-africa-press","13":"tag-africa-press-zimbabwe-2","14":"tag-compensation","15":"tag-farmers","16":"tag-white-farmers","17":"tag-white-former-farmers","18":"tag-zimbabwe"},"yoast_head":"\nGovt May Borrow To Pay Evicted White Farmers - zimbabwe<\/title>\n<meta name=\"description\" content=\"The government is considering borrowing money directly from private investors to fund the first half of a $3.5 billion c ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-may-borrow-to-pay-evicted-white-farmers\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt May Borrow To Pay Evicted White Farmers\" \/>\n<meta property=\"og:description\" content=\"The government is considering borrowing money directly from private investors to fund the first half of a $3.5 billion c ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-may-borrow-to-pay-evicted-white-farmers\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-17T14:54:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-17T13:35:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/08\/img-611bbb0d2a665.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"548\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-may-borrow-to-pay-evicted-white-farmers\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-may-borrow-to-pay-evicted-white-farmers\",\"name\":\"Govt May Borrow To Pay Evicted White Farmers - zimbabwe\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-may-borrow-to-pay-evicted-white-farmers#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-may-borrow-to-pay-evicted-white-farmers#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/08\/img-611bbb0d2a665.jpg\",\"datePublished\":\"2021-08-17T14:54:25+00:00\",\"dateModified\":\"2021-08-17T13:35:40+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4\"},\"description\":\"The government is considering borrowing money directly from private investors to fund the first half of a $3.5 billion c ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-may-borrow-to-pay-evicted-white-farmers#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-may-borrow-to-pay-evicted-white-farmers\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-may-borrow-to-pay-evicted-white-farmers#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/08\/img-611bbb0d2a665.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/08\/img-611bbb0d2a665.jpg\",\"width\":750,\"height\":548,\"caption\":\"Govt May Borrow To Pay Evicted White Farmers\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-may-borrow-to-pay-evicted-white-farmers#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.cc\/zimbabwe\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Govt May Borrow To Pay Evicted White Farmers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/\",\"name\":\"zimbabwe\",\"description\":\"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4\",\"name\":\"cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Govt May Borrow To Pay Evicted White Farmers - zimbabwe","description":"The government is considering borrowing money directly from private investors to fund the first half of a $3.5 billion c ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-may-borrow-to-pay-evicted-white-farmers","og_locale":"en_US","og_type":"article","og_title":"Govt May Borrow To Pay Evicted White Farmers","og_description":"The government is considering borrowing money directly from private investors to fund the first half of a $3.5 billion c ...","og_url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-may-borrow-to-pay-evicted-white-farmers","og_site_name":"zimbabwe","article_published_time":"2021-08-17T14:54:25+00:00","article_modified_time":"2021-08-17T13:35:40+00:00","og_image":[{"width":750,"height":548,"url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/08\/img-611bbb0d2a665.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-may-borrow-to-pay-evicted-white-farmers","url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-may-borrow-to-pay-evicted-white-farmers","name":"Govt May Borrow To Pay Evicted White Farmers - zimbabwe","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-may-borrow-to-pay-evicted-white-farmers#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-may-borrow-to-pay-evicted-white-farmers#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/08\/img-611bbb0d2a665.jpg","datePublished":"2021-08-17T14:54:25+00:00","dateModified":"2021-08-17T13:35:40+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4"},"description":"The government is considering borrowing money directly from private investors to fund the first half of a $3.5 billion c ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-may-borrow-to-pay-evicted-white-farmers#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-may-borrow-to-pay-evicted-white-farmers"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-may-borrow-to-pay-evicted-white-farmers#primaryimage","url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/08\/img-611bbb0d2a665.jpg","contentUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/08\/img-611bbb0d2a665.jpg","width":750,"height":548,"caption":"Govt May Borrow To Pay Evicted White Farmers"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-may-borrow-to-pay-evicted-white-farmers#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.cc\/zimbabwe\/"},{"@type":"ListItem","position":2,"name":"Govt May Borrow To Pay Evicted White Farmers"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website","url":"https:\/\/www.africa-press.net\/zimbabwe\/","name":"zimbabwe","description":"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4","name":"cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts\/45124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/comments?post=45124"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts\/45124\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/media\/45123"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/media?parent=45124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/categories?post=45124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/tags?post=45124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}