Finance Minister, Patrick Chinamasa has revealed that government acknowledges its dept to white farmers who lost their land during the Land Reform Programme.
Chinamasa told delegates at a consensus based compensation mechanisms workshop meeting that the government would need time to pay the farmers.
He said contrary to reports that a $10 billion fund had been created, the compensation figure will only come up after completion of the evaluations.
Lands and Rural Settlement Minister Douglas Mombeshora indicated earlier that to date 1,519 farms out of 6,240 had been valued.
Mombeshora in contrast to what Chinamasa said,told the conference that about 240 previous owners had been fully compensated and 17 partially paid.
Minister Mombeshora said Section 295(1) and (2) of the Constitution provides for the payment of compensation for land and improvements to indigenous owners whose farms were acquired and similarly for properties protected by Bilateral Investment Promotion and Protection (BIPPA) Agreements, while Section 295(3) of the Constitution provides for compensation for improvements only for any other category of former farm owners.
He said the government had received financial support worth $7. 8 million from the United Nations Development Programme and the European Union to conduct valuations and other related activities under the compensation programme.
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