Zimbabwe Crisis: Land reforms triggered economic collapse
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Meanwhile, Zimbabwe's land reforms were one of the key reasons for the country's economic meltdown.
The reforms were intended to rebalance Zimbabwe's ethnic inequality and land ownership by redistributing land from white owners to black farmers. However things started to go south in early 2000, when poverty escalated and some of the farmland was underutilized. The country's agricultural sector took a major hit, as capital became scarce and black farmers didn't have the skills needed to operate the farms. Zimbabwe's economy continues to suffer, with a debt to GDP ratio that has sky-rocketed to 75 percent. The country's budget deficit climbed to 1.4 billion U.S dollars last year and is expected to hit 2.5 billion dollars this year. At the same time, Zimbabwe's unemployment rate has surged to 80 percent with 70 percent of the population living under the poverty line.