MCDF Report Examines Land and Asset Valuation in Involuntary Resettlement

The Multilateral Cooperation Center for Development Finance (MCDF) has issued a new report that examines land and asset valuation in involuntary resettlement. It draws upon a virtual workshop cohosted by the Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), MCDF, and New Development Bank (NDB). 

Click to Download Event Report on Land and Asset Valuation in Involuntary Resettlement

The report overviews best practices, policy frameworks, and practical challenges in land and asset valuation in involuntary resettlement in Asia, as explored during the three-part workshop.

Part one of the report, on main concepts, explores the foundational elements of compensation and replacement cost, challenges in applying replacement cost principles, the role of valuation at different stages of the project cycle, and the importance of supervising valuation processes.

Part two, on valuation of affected assets and international standards, looks at valuation methods, including market, cost, and income approaches, and introduces the International Valuation Standards (IVS) and their application in ensuring consistent and transparent valuation practices.

Part three, on navigating challenges in practice, features insights from expert valuers and environmental and social specialists from ADB, AIIB, and NDB who participated in the workshop’s clinic session, and addresses practical challenges in valuation, compensation delivery and grievance settlement.

The report concludes by describing the workshop’s key takeaways in 11 priority areas, including:

• Compensation at full replacement cost
• Comprehensive stakeholder engagement
• Challenges in valuation methodologies
• The role of IVS
• Addressing non-market assets and informal land use
• Supervision and oversight in valuation processes
• Navigating delays and market fluctuations
• Grievance redress mechanisms
• Case studies which highlight the importance of flexibility
• Capacity building for local valuers and practitioners
• Balancing national frameworks with international requirements.

Land and Asset Valuation in Involuntary Resettlement is the third installment in the MCDF Event Report series.

For those interested in viewing the virtual workshop materials on which this report is based (including video links) or submitting questions or comments, please join JIGSAW, MCDF’s digital solution for fostering high-quality infrastructure and connectivity investment, by clicking here.