EXPLORING THE INTRINSIC ROLES OF INTERNATIONAL FINANCIAL INSTITUTIONS FOSTERING REDISTRIBUTED LAND FOR DEVELOPMENT AND ECONOMIC GROWTH IN SOUTH AFRICA
EXPLORING THE INTRINSIC ROLES OF INTERNATIONAL FINANCIAL INSTITUTIONS FOSTERING REDISTRIBUTED LAND FOR DEVELOPMENT AND ECONOMIC GROWTH IN SOUTH AFRICA

Summary/Abstract: In 1994, South Africa was detached from the brutal apartheid regime which forcefully removed and dispossessed majority blacks from their arable land and allotted them non-arable and unproductive land. Post 1994, South Africa introduced various transformative interventions to redress the past apartheid land removal and injustices to give back and redistribute land back to the black majority. Against the backdrop of this, South Africa has continuously been using the freedom gained to join and belong to various international and regional financial institutions to seek financial assistance to work the resituated and redistributed land for development, economic growth and poverty alleviation. International institutions are known for supporting countries in their quest for development in order to enhance their economic growth, improved standard of living and eradication of hunger and starvation. To this end, this paper looks at the significant roles of these institutions in providing needed assistant to South Africa to ensure that redistributed land is developed and used for broad productive and beneficial purposes.

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