Groundwater is a vital yet threatened
resource in much of South Asia. This paper develops a model
of groundwater transactions under payoff uncertainty arising
from unpredictable fluctuations in groundwater availability
during the agricultural dry season. The model highlights the
trade-off between the ex post inefficiency of long-term
contracts and the ex ante inefficiency of spot contracts.
The structural parameters are estimated using detailed

The report, Land Tenure for Social and
Economic Inclusion in Yemen: Issues and Opportunities was
completed in December 2009. The report addresses the
problems of land ownership in Yemen and the various social
and economic problems associated with the system of land
ownership. Property rights under Yemeni Law are expressed
both in custom and statute, but both are informed by shari a
(Islamic law), which provides the basic property categories

Land assets have become an important
source of financing capital investments by subnational
governments in developing countries. Land assets, often with
billions of dollars per transaction, rival and sometimes
surpass subnational borrowing or fiscal transfers for
capital spending. While reducing the uncertainty surrounding
future debt repayment capacity, the use of land-based
revenues for financing infrastructure can entail substantial

A decade ago in Mozambique, a stakeholder workshop where the need to improve access to industrial and commercial land as a means to encourage investment was a topic of discussion, a government official came up to. In order to create new jobs, generate more income, and modernize the economy, many countries see an urgent need to encourage industrial and commercial investment, both domestic and foreign. However, investment in many sectors cannot take place unless land, along with other basic factors of production, is available.

Land reform can broadly be divided into
land tenure reform-the establishment of secure and
formalized property rights in land-and land
redistribution-the transfer of land from large to small
farmers. The paper is therefore divided into two chapters.
The first chapter gives a short narrative of some of the key
land tenure and land policy issues. While these issues
remain politically sensitive, there is a solid consensus

As the world is urbanizing, many cities
are grappling with a population that is growing rapidly,
thereby increasing demand for land and housing. This
pressure on land and housing markets often is exacerbated by
inappropriate or inadequate policies. The result is a supply
of well-located land and housing that falls well short of
demand and the proliferation of poorly serviced informal
settlements, many of which are located far from jobs, city

China has undergone a profound economic and social transformation as it moves from a centrally-planned to a market-oriented economy. Land issues are implicated in this ongoing transformation in numerous important ways - as key factors in China's quest for economic growth, national food security and social stability; as important influences in the rapid growth of China's cities as well as the future of its agriculture; and as central features in local government finance and in the growth and stability of the financial and banking sector.

On December 26 2004, a 9.3 magnitude
earthquake struck the Indian Ocean and unleashed a blast of
energy, creating a tsunami three stories high. The disaster
which claimed more than 228,000 lives had an impact on the
lives of more than 2.5 million people causing close to US$
11.4 billion of damage in 14 countries. The highest price
was paid in Aceh, which had the greatest death toll of
130,000 confirmed dead and a further 37,000 reported

This report examines the question of
land titling in Madagascar, a country where modern and
informal tenure systems coexist and overlap to a significant
extent. The report reviews three main arguments for land
titling and their relevance for Madagascar in order to
provide policy implications and evaluations. The first is
that land titling serves as protection against
expropriation. Second, titles may also facilitate land

This report evaluates the legal
framework for rural land rights, the regulations of rural
housing sites, the effects of land requisition on farmers
who lose land, and some selected issues affecting urban land
rights. The focus of this report is how to enhance property
rights in a number of different contexts. The report makes a
series of specific policy recommendations for rural
agricultural land, rural housing land, to protect rights in

Land policy, administration and
management are areas of strong client demand for technical
advice and operational support. This review sought to help
the Bank better position itself to present coherent advice
on policy, institutional arrangements and practice. The
potential implications are a lowering of reputational risk
to the Bank; greater efficiency in the process including
joint data gathering; and building of greater momentum and

This study has at its origin the land
question in Paraguay, namely that land ownership is highly
concentrated and has become a source of social conflict in
the rural areas where one-half of the population lives. A
central thesis of the study is that the existing patterns of
land use and ownership, in particular, the very large land
holdings (Zatifundio), are a reflection in part of the
almost insignificant land tax that is charged today on rural