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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Government, Building Societies and Civil Society: Exploring the Interface in the Context of Urban Low-Income Housing in Zimbabwe
Author:Kamete, Amin Y.ISNI
Year:1999
Periodical:African Review of Money, Finance and Banking - Supplement to 'Savings and Development'
Pages:77-98
Language:English
Geographic term:Zimbabwe
Subjects:political systems
urban housing
housing policy
construction industry
Politics and Government
Development and Technology
Economics and Trade
Urbanization and Migration
External link:https://www.jstor.org/stable/23026372
Abstract:Building societies in Zimbabwe have come under fire for failing to cater to the needs of low-income housing in urban areas. Eligibility criteria for housing loans, loan terms as well as allocation and loan recovery procedures have been criticized. It has been observed, however, that government, through its fiscal and monetary policy and its spending behaviour, has created an unfavourable environment for private sector housing institutions. This paper deals with the relationship between building societies, local and national government and Zimbabwean society at large, giving attention to the regulatory framework, the role and ranking order of the building societies in the financial sector, constraints faced by building societies as a result of government controls and interest rate regulations, the political economy of financial controls on deposit and lending rates, constraints on the mobilization, investment and recovery of funds, the lack of coordination with local government regarding cost-recovery, and civil society pressure for the indigenization of building societies. It concludes with a survey of government responses to the constraints faced by building societies. The relationship between government, building societies and civil society is unstable and unpredictable. Civil society wants cheap housing; government is concerned about its tenure; building societies are out to secure their investment. App., bibliogr., sum. in English and French.
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