This report examines the question ofland titling in Madagascar, a country where modern andinformal tenure systems coexist and overlap to a significantextent. The report reviews three main arguments for landtitling and their relevance for Madagascar in order toprovide policy implications and evaluations. The first isthat land titling serves as protection againstexpropriation. Second, titles may also facilitate landtransactions. Last, that owning titled land improves accessto formal credit or increases the volume of formal creditconditional on access. The report concludes that it is notobvious that expanded land titling, or community-based landregistration, constitutes the best route to attainingdistributional objectives, since wealth is increasing inlandholdings.A cost benefit analysis based on the findingssuggest that it would not be economical to expand the systemof formal titling in rural Madagascar and that the threemain arguments do not justify maintaining this system.