$22 Million for Land Registry System
BID will finance a loan of $22 million for the implementation of a physical land registry system to cover protected areas in Guatemala.
Wednesday, June 17, 2009
Guatemala will strengthen its national network of protected areas by improving its land registry system through a loan of $22 million USD from the Inter-American Bank of Development (BID).
The World Bank has approved an interest free loan to expand access to formal land titling, cadastre surveyance and property registration.
Guatemala has opened a special office to fight fraud in the registration of real-estate titles.
Business groups are working on the definition of an alternative to the Government's policy to value properties according to their commercial value.
The government will put out to tender a contract for appraising real estate in Punta Paitilla.
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