EU will not waste taxpayer money in Zimbabwe, where poor financial controls & lack of reform endure

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South Africa Headlines News

The European Union (EU) will not reinstate direct budgetary support to Zimbabwe because of the country’s opaque public financial management systems.

Last week Zimbabwe moved ahead with honouring Bilateral Trade Agreements in farming when it committed to compensating at least 200 farmers from EU countries such as Germany, Netherlands, Denmark and Australia.

“The land reform in itself is irreversible. But there has been no clear security of tenure and we have seen it through a dysfunctional agricultural sector. If these steps taken forward, about agreeing about compensation and other issues on the subject, bring clarity [on] land ownership, then that’s a positive move to get agriculture moving,” he said.

“On the political side there were a lot of expectations that Zimbabwe would change with reforms taking place. The process of reforms has been significantly slower than we expected at the time," said Olkkonen.

 

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