UNWTO and CAF join forces to promote investment in tourism

The World Tourism Organization (UNWTO) and the Development Bank of Latin America (CAF) have signed a cooperation agreement during Fitur to promote investment in tourism for Latin America and the Caribbean

The World Tourism Organization (UNWTO) and the Development Bank of Latin America (CAF) have announced in Fitur a cooperation agreement to promote and retain investment in tourism in the Latin American and Caribbean region.

The organizations will prepare a series of general tourism investment guidelines that will be applied in five countries on the continent: Ecuador, Uruguay, Panama, El Salvador and Barbados.

In addition, both institutions will cooperate to attract foreign direct investment towards sustainable tourism initiatives in Latin America, with the commitment to “accelerate economic recovery and foster sustainability and resilience throughout the sector.”

This was recognized by the Secretary General of the UNWTO, Zurab Pololikashvili, adding that the main objective of this alliance is, beyond promoting tourism investment in the region, “to direct it towards projects and initiatives that make the greatest difference.”

The executive president of CAF, Sergio Díaz-Granados, has highlighted that the Development Bank of Latin America is the first multilateral institution to sign the Glasgow Declaration on Climate Action in Tourism, and has ensured that this alliance with the UNWTO will allow it to promote a more sustainable and regenerative tourism in the Latin American region.

Source: dpa

(Reference image source: UNWTO, Europa Press)

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