Economic Consequences
Critics of the land reforms have contended that they have had a serious detrimental effect on the Zimbabwean economy.
As a reaction to the fast-track land reform the United States government put the Zimbabwean government on a credit freeze in 2001 through the Zimbabwe Democracy and Economic Recovery Act of 2001 (specifically Section 4C titled Multilateral Financing Restriction), which collapsed the trade surplus in 2002. Where there was a trade surplus of $322 million in 2001, in 2002 the credit freeze led to a trade deficit of $18 million, to grow rapidly in subsequent years.
Read more about this topic: Land Reform In Zimbabwe
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