a significant drag on economic growth and investment as these parcels are unbankable and can not
be used as capital assets. Property rights, including land titling, is an area of PFG policy reform that will help support an improved business environment. During his recent visit to the Philippines, DA Donald Steinberg met with beneficiaries of a USAID land titling project in Mabini, Batangas City and was impressed by the ground-breaking changes that the project is making in people's lives. USAID supported the passage of the Residential Free Patent Act in 2010, which allows for rapid and low-cost titling of the estimated 8 million untitled urban residential parcels in the country. In 2011, the first year of implementation, the government issued over 55,000 residential titles, a 1,450% increase over the number of titles issued in previous years..

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