- Increases in food expenditures
- Children less likely to be severely underweight
- Improvements in child educational achievements
- Increases in share of expenditures devoted to healthcare
Yet, as important as land ownership may be, 70% of the world's population still lacks access to proper land titling or demarcation. This carries a host of negative consequences: when people have to live with the constant threat of potential eviction, they are more likely to remain or become poor, and cannot invest in their land with confidence.
Conversely, stronger land rights can be a powerful tool for economic development and poverty reduction. That is why the World Bank is working with client countries to build legal and institutional frameworks that effectively protect land tenure - including for vulnerable groups such as women and indigenous peoples.
In this video, World Bank Practice Manager Jorge Muñoz describes in greater depth how the institution is bolstering land tenure around the world as part of its mission to eliminate poverty and boost shared prosperity.
Property registration is a very important activity in Azerbaijan which has transformed from a planned economy to a market economy over the past decade. For most citizens their property is the largest asset they own, so being able to register that property in a secure real estate registry is very important. However, there are many reasons that can prevent property owners from visiting an office, whether it be distance, old age, or disability. That’s why SSRRE decided to take the office out on the road.
Today in Tokyo, on the side of our annual meetings where food security is a major issue being discussed, I had a few minutes to join Oxfam's session about land in developing countries.
I made the point that one of the best ways to help manage pressure on land is through the Bank Group's staying engaged in agriculture, working to build good practices and capacity in countries to manage investments better. As a result, we are saying no to Oxfam's call for a freeze on our work.
In fact we have ramped up our investments in agriculture in recent years, helping smallholders increase productivity, reduce waste, and get clear land tenure, and we want to do more. It was reassuring to hear from Oxfam directly that the Bank is not the primary target of their efforts. That's good because the vast majority of our agricultural investments help poor farmers grow food and involve no land purchase.