How Efficiently is Capital Created? Evidence from Property Registration Reform in Egypt

One tool for enhancing economic growth is a simple property registration process. Many developed countries, and countries on their way toward development, have simple, inexpensive, and fast property registration processes. The benefit of such a too...

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Main Author:	Ibrahim, Jamal Haidar
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCEPTABLE COLLATERAL ACCESS TO FINANCE ADVISORY SERVICES ANTI-MONEY LAUNDERING BANKING INDUSTRY BANKS BEST PRACTICES BUYER CORPORATE GOVERNANCE DEBT DEBT RELIEF DEED DEEDS ECONOMIC DEVELOPMENT ECONOMIC GROWTH EMERGING ECONOMIES ENTREPRENEUR FINANCIAL PERFORMANCE FORMAL ECONOMY HOUSING INTERNATIONAL FINANCE INVESTMENT CLIMATE ISLAMIC FINANCE ISSUANCE MEDIA CAMPAIGN MIDDLE EAST MORTGAGE MORTGAGE FINANCE MUNICIPALITIES NOTARY OUTREACH PEOPLES PRIVATIZATION PROPERTY AS COLLATERAL REAL ESTATE REAL ESTATE REGISTRY REGISTERED PROPERTY REGISTRATION FEE REGISTRATION FEES REGISTRATION LAW REGISTRATION PROCESS REGISTRATION PROCESSES REGISTRATION SYSTEM RESPONSIBILITIES TAX TAXATION TITLE REGISTRATIONS URBAN AREAS WEB SITE
Online Access:	http://documents.worldbank.org/curated/en/2007/11/9890686/efficiently-capital-created-evidence-property-registration-reform-egypt http://hdl.handle.net/10986/10632

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spelling	okr-10986-106322021-04-23T14:02:51Z How Efficiently is Capital Created? Evidence from Property Registration Reform in Egypt Ibrahim, Jamal Haidar ACCEPTABLE COLLATERAL ACCESS TO FINANCE ADVISORY SERVICES ANTI-MONEY LAUNDERING BANKING INDUSTRY BANKS BEST PRACTICES BUYER CORPORATE GOVERNANCE DEBT DEBT RELIEF DEED DEEDS ECONOMIC DEVELOPMENT ECONOMIC GROWTH EMERGING ECONOMIES ENTREPRENEUR FINANCIAL PERFORMANCE FORMAL ECONOMY HOUSING INTERNATIONAL FINANCE INVESTMENT CLIMATE ISLAMIC FINANCE ISSUANCE MEDIA CAMPAIGN MIDDLE EAST MORTGAGE MORTGAGE FINANCE MUNICIPALITIES NOTARY OUTREACH PEOPLES PRIVATIZATION PROPERTY AS COLLATERAL REAL ESTATE REAL ESTATE REGISTRY REGISTERED PROPERTY REGISTRATION FEE REGISTRATION FEES REGISTRATION LAW REGISTRATION PROCESS REGISTRATION PROCESSES REGISTRATION SYSTEM RESPONSIBILITIES TAX TAXATION TITLE REGISTRATIONS URBAN AREAS WEB SITE One tool for enhancing economic growth is a simple property registration process. Many developed countries, and countries on their way toward development, have simple, inexpensive, and fast property registration processes. The benefit of such a tool is driven by this thinking: low property registration fees encourage every property holder to receive a formal title. The poor especially will benefit, because they can use their property as collateral, start doing business, and achieve some of their dreams. Recognizing the importance of property registration to the ease of doing business, the Egyptian ministry of investment spotted a relevant reform. A reform strategy was immediately set up. Two problem areas were identified: the cost and quality of procedures to register a property. In Cairo one year ago, registering a property would cost on average 5.9 percent of its value, causing 90 percent of property to be either unregistered or registered at underestimated values. 2012-08-13T12:29:50Z 2012-08-13T12:29:50Z 2007-11 http://documents.worldbank.org/curated/en/2007/11/9890686/efficiently-capital-created-evidence-property-registration-reform-egypt http://hdl.handle.net/10986/10632 English IFC Smart Lessons Brief CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Middle East and North Africa Egypt, Arab Republic of
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCEPTABLE COLLATERAL ACCESS TO FINANCE ADVISORY SERVICES ANTI-MONEY LAUNDERING BANKING INDUSTRY BANKS BEST PRACTICES BUYER CORPORATE GOVERNANCE DEBT DEBT RELIEF DEED DEEDS ECONOMIC DEVELOPMENT ECONOMIC GROWTH EMERGING ECONOMIES ENTREPRENEUR FINANCIAL PERFORMANCE FORMAL ECONOMY HOUSING INTERNATIONAL FINANCE INVESTMENT CLIMATE ISLAMIC FINANCE ISSUANCE MEDIA CAMPAIGN MIDDLE EAST MORTGAGE MORTGAGE FINANCE MUNICIPALITIES NOTARY OUTREACH PEOPLES PRIVATIZATION PROPERTY AS COLLATERAL REAL ESTATE REAL ESTATE REGISTRY REGISTERED PROPERTY REGISTRATION FEE REGISTRATION FEES REGISTRATION LAW REGISTRATION PROCESS REGISTRATION PROCESSES REGISTRATION SYSTEM RESPONSIBILITIES TAX TAXATION TITLE REGISTRATIONS URBAN AREAS WEB SITE
spellingShingle	ACCEPTABLE COLLATERAL ACCESS TO FINANCE ADVISORY SERVICES ANTI-MONEY LAUNDERING BANKING INDUSTRY BANKS BEST PRACTICES BUYER CORPORATE GOVERNANCE DEBT DEBT RELIEF DEED DEEDS ECONOMIC DEVELOPMENT ECONOMIC GROWTH EMERGING ECONOMIES ENTREPRENEUR FINANCIAL PERFORMANCE FORMAL ECONOMY HOUSING INTERNATIONAL FINANCE INVESTMENT CLIMATE ISLAMIC FINANCE ISSUANCE MEDIA CAMPAIGN MIDDLE EAST MORTGAGE MORTGAGE FINANCE MUNICIPALITIES NOTARY OUTREACH PEOPLES PRIVATIZATION PROPERTY AS COLLATERAL REAL ESTATE REAL ESTATE REGISTRY REGISTERED PROPERTY REGISTRATION FEE REGISTRATION FEES REGISTRATION LAW REGISTRATION PROCESS REGISTRATION PROCESSES REGISTRATION SYSTEM RESPONSIBILITIES TAX TAXATION TITLE REGISTRATIONS URBAN AREAS WEB SITE Ibrahim, Jamal Haidar How Efficiently is Capital Created? Evidence from Property Registration Reform in Egypt
geographic_facet	Middle East and North Africa Egypt, Arab Republic of
relation	IFC Smart Lessons Brief
description	One tool for enhancing economic growth is a simple property registration process. Many developed countries, and countries on their way toward development, have simple, inexpensive, and fast property registration processes. The benefit of such a tool is driven by this thinking: low property registration fees encourage every property holder to receive a formal title. The poor especially will benefit, because they can use their property as collateral, start doing business, and achieve some of their dreams. Recognizing the importance of property registration to the ease of doing business, the Egyptian ministry of investment spotted a relevant reform. A reform strategy was immediately set up. Two problem areas were identified: the cost and quality of procedures to register a property. In Cairo one year ago, registering a property would cost on average 5.9 percent of its value, causing 90 percent of property to be either unregistered or registered at underestimated values.
format	Publications & Research :: Brief
author	Ibrahim, Jamal Haidar
author_facet	Ibrahim, Jamal Haidar
author_sort	Ibrahim, Jamal Haidar
title	How Efficiently is Capital Created? Evidence from Property Registration Reform in Egypt
title_short	How Efficiently is Capital Created? Evidence from Property Registration Reform in Egypt
title_full	How Efficiently is Capital Created? Evidence from Property Registration Reform in Egypt
title_fullStr	How Efficiently is Capital Created? Evidence from Property Registration Reform in Egypt
title_full_unstemmed	How Efficiently is Capital Created? Evidence from Property Registration Reform in Egypt
title_sort	how efficiently is capital created? evidence from property registration reform in egypt
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2007/11/9890686/efficiently-capital-created-evidence-property-registration-reform-egypt http://hdl.handle.net/10986/10632
_version_	1764413809631428608

How Efficiently is Capital Created? Evidence from Property Registration Reform in Egypt

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