Providing loans for tourism
Description
Providing loans for tourism involves offering targeted financial support to individuals, businesses, or communities to develop tourism infrastructure, services, and attractions. This strategy aims to stimulate local economies, create jobs, and enhance visitor experiences by addressing funding gaps that hinder tourism growth. By facilitating access to capital, it remedies obstacles such as inadequate facilities, limited service quality, and underdeveloped destinations, thereby promoting sustainable tourism development and increasing competitiveness in the tourism sector.
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
Facilitates
Facilitated by
Problem
SDG
Metadata
Database
Global strategies
Type
(D) Detailed strategies
Subject
Content quality
Yet to rate
Language
English
1A4N
J2817
DOCID
12028170
D7NID
193749
Editing link
Official link
Last update
Dec 3, 2024