World Bank Extends Land Titling Loan SPLIT Project Sees New Closing Date

World Bank Extends Land Titling Loan SPLIT Project Sees New Closing Date

The World Bank has announced a six-month extension for a $370-million loan aimed at providing individual land titles to agrarian reform beneficiaries (ARBs) in the Philippines. The Support to Parcelization of Lands for Individual Titling (SPLIT) project, which was restructured in December 2024, now has a new closing date set for December 31, 2027.

Understanding the SPLIT Project

The SPLIT project is designed to support the Philippine government's agrarian reform program by providing individual land titles to ARBs. Through parcelization and the issuance of certificates of land ownership awards (CLOAs), the project aims to increase access to credit, improve agricultural productivity, and enhance rural development.

Why Land Titling Matters

Land titling is a critical step in securing property rights for agrarian reform beneficiaries. Without individual land titles, farmers may struggle to access credit, sell their properties, or use them as collateral. By providing CLOAs, the SPLIT project will empower ARBs to make informed decisions about their lands and improve their socio-economic status.

What's Next?

The extension of the closing date provides the government with additional time to effectively implement the SPLIT project. The World Bank will continue to work closely with the Philippine government to ensure that the project is completed on schedule. In the meantime, agrarian reform beneficiaries can expect to receive individual land titles in the coming years.

Conclusion

The World Bank's decision to extend the closing date for the SPLIT project is a positive development for agrarian reform beneficiaries and the broader agricultural sector. With a new closing date set for 2027, the government has more time to complete the project and provide individual land titles to eligible farmers. This initiative will have significant implications for rural development and poverty reduction in the Philippines.

Key Takeaways

The World Bank has extended the closing date for the SPLIT project to December 31, 2027.
The SPLIT project aims to provide individual land titles to agrarian reform beneficiaries (ARBs) in the Philippines.
Land titling is crucial for securing property rights and improving socio-economic status for ARBs.

Keywords World Bank, SPLIT Project, Land Titling, Agrarian Reform Beneficiaries (ARBs), Parcelization of Lands

Edward Lance Arellano Lorilla

CEO / Co-Founder

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