he African Development Bank said Monday it had developed the financial tools needed to make over $3 billion in compensation payments to white farmers who lost land and other assets in Zimbabwe.

The bank’s president Akinwumi Adesina, while speaking during a press conference in Harare, said the new proposal would ‘leverage capital markets’ to avoid aggravating Zimbabwe’s debt situation.

He did not provide further details.

”That is why the African Development Bank is currently working with the Government of Zimbabwe to develop innovative financial instruments and structures that can be used to front-load the mobilization of the $3.5 billion for compensations,” read a part of the statement.