Investments in tourism in El Salvador will be facilitated by the World Tourism Organization (UNWTO) and the Latin American Development Bank (CAF) as part of a partnership agreed between the two organizations.
This cooperation agreement was announced during the development of the International Tourism Fair (Fitur) 2023 and includes five countries from Latin America and the Caribbean.
Along with El Salvador (a CAF member from 2022), Ecuador, Uruguay, Panama and Barbado will benefit from the development of guidelines. Through a statement, UNWTO emphasized that access to financing models will be facilitated with the CAF.
CAF Executive President Sergio Diaz Granados has vowed to implement a strategy of this kind as part of its agenda to be recognized as a ‘Green Bank of Latin America and the Caribbean’.
“Being the first multilateral organization to sign the Glasgow Declaration on Climate Action in Tourism is a testament to our commitment. It helps us reach our goals,” Diaz added.
The document emphasizes that through these strategies, it also commits “policies for climate change adaptation and mitigation”, thereby reducing the sector’s energy dependence.
“While the sector continues to recover, the UN tourism agency has stressed the importance of investments to build a more sustainable and resilient sector,” UNWTO noted.