Providing loans for tourism

Implementation

In thirty-three years of operations in Latin America and the Caribbean, the Inter-American Development Bank (IDB) has made 33 loans for US$963 million to finance tourism and microenterprise projects costing a total of $1,900 million.

Broader

Providing low-interest loans

Providing loans

Facilitates

Reducing uncertainty of development programmes due to short-term loans

Assisting tourist industry in developing countries

Facilitated by

Freeing up availability of loans

Problem

Racial discrimination in according financial loans

Unethical financial practices

Uncertainty of development programmes due to short-term loans

Reverse flow of financial aid

Restrictive conditions on loans through intergovernmental facilities

Over-dependency on international financial institutions

Inadequate diversification of loans to vulnerable countries

Fraudulent loans

Deteriorating terms of international financial loans to vulnerable countries

Defaults on international loans

Bad loans

Unpaid debts

Insufficient programme funding

Domination of restrictive project loans by transnational banks

Discrimination against women in banking

Bank fraud

Limited availability of loans

Excessive anxiety on overseas lending

SDG

Sustainable Development Goal #11: Sustainable Cities and Communities

Metadata

Database

Global strategies

Type

(D) Detailed strategies

Subject

Transportation, telecommunications » Tourism

Commerce » Credit

Content quality

Yet to rate

Language

English

1A4N

J2817

DOCID

12028170

D7NID

193749

Last update

Dec 3, 2024

Official link

https://encyclopedia.uia.org/strategy/providing-loans-tourism