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HomeNewsInternationalUNWTO and Development Bank of Latina America Partner Around Tourism Investments

UNWTO and Development Bank of Latina America Partner Around Tourism Investments

UNWTO and the Development Bank of Latina America (CAF) will partner to promote and retain investment in tourism across the Latina American and Caribbean Region.

As the sector’s recovery continues, the United Nations specialized agency for tourism has highlighted the importance of investments for building a more sustainable and resilient sector. The new cooperation agreement with CAF was announced against the backdrop of the FITUR trade fair in Madrid. Here, UNWTO welcomed high-level representatives from Member States of the region and from the private sector.

The joint plans will see the two organizations work together to develop a set of comprehensive tourism investment guidelines. The guidelines will be focused on five countries, namely Ecuador, Uruguay, Panama and El Salvador in the Latin American region, as well as and Barbados in the Caribbean region.

Alongside this, UNWTO and CAF will collaborate on the development of frameworks to attract, promote and retain foreign direct investment (FDI) towards sustainable tourism initiatives and to accelerate economic recovery and foster sustainability and resilience throughout the tourism sector.

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