Measure 3.1: Creation of land banks;

LBP- Land Bank of the Philippines

Land Bank (Complementary Law 269/92, Porto Alegre).

The Land Bank is another important instrument created for fostering family farming.

The Mortgage and Land Bank of Latvia established a new unit, ALTUM, for the administration of microcredit support programmes.

RBP and the Land Bank of the Philippines set up a separate foundation to replicate this approach in other parts of the country.

The Land Bank makes possible the creation of new settlements through the incorporation of new areas, including areas that cannot be obtained through expropriation.

Today the Land Bank supplements expropriation based on social interest, which is the major means for obtaining land for agrarian reform.

Land Bank operations are decentralized through a system of partnerships. The Bank enters agreements with state governments, which select an agency to coordinate the use of the funds.

Under the programme's regulations, loans granted out of Land Bank funds are to be repaid in 20 years, with a three-year grace period.