Customary Land Bankability

Paper on Customary Land Bankability released

In Papua New Guinea (PNG), the full economic potential of land is not being realised because majority of the land is customarily owned and difficult to access due to complications surrounding customary land tenure such as ongoing and recurring disputes over boundaries and ownership. Apart from this, customary land titles (leases) are not considered as adequate for security (collateral) for banks to extend credit. This is a barrier to investment, income-earning opportunities, and furthermore, socioeconomic development.