Wednesday, 28 November 2007
East Timor property management post independence
DEVELOPMENTAL CHALLENGESIndonesia’s withdrawal from East Timor in 1999 set the stage for reconciling conflicting land tenure and property rights established during different government regimes, often overlaid on customary rights or in direct contradiction to rights granted by other regimes. Initializing a formal system for reconciling conflicting claims and legally recognizing clear rights to property is both a challenge and a cornerstone for stability, security, and equitable economic growth.Land is inherent in almost all economic development issues in East Timor. Lack of possible ownership or leasing options deters foreign and domestic investment: banks do not want to provide loans without immovable property collateral, and farmers do not want to invest their money or “sweat equity” without having legally protected rights to the land. Land issues are also important to conflict mitigation, anti-corruption, democracy, governance, and the rule of law.
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