The ministry of tourism and civil aviation in Belize, in collaboration with the Inter-American Development Bank (IDB), officially launched the Sustainable Tourism Program II in a kick-off workshop on March 8-10, 2016.
In October 2015, the IDB’s board of executive directors approved a US$15 million loan facility and, in January 2016, a loan agreement was executed between the IDB and the government of Belize for this new program.
Tourism continues to be one of Belize’s most important economic sectors, contributing 15 percent of total direct GDP and generating US$747 million in foreign exchange earnings in 2014. It also represents 35 percent of total exports of goods and service and contributes one out of every six jobs for the nation.
The program aims to increase tourism expenditures, employment and income; promote disaster and climate resilience and environmental sustainability in tourism destinations; and create enabling conditions for private sector investment in overnight tourism.
Read the full article: Belize unveils climate-resilient tourism program | Caribbean News Now