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CategoriesSustainable DevelopmentTourism, Microfinance and Poverty AlleviationTourism, Microfinance and Poverty Alleviation
Abstract
Tourism can contribute to the fight against poverty in developing countries, and more specifically in the least developed countries. However, this potential is closely linked to the accessibility of financing sources. With the aim of finding solutions to the numerous problems involved in the financing of tourism development initiatives especially for small enterprises and microbusinesses in developing countries, the WTO in conjunction with PlaNet Finance, a leading microcredit institution, is studying the possibilities of adapting microcredit to the specific needs of the tourism sector. This report presents recommendations for small tourism enterprises and microbusinesses as well as microfinance institutions, with the objective of bringing them together and thus stimulate tourism development that benefits the poor. This report encourages governments and MFIs to adapt lending terms to the specific characteristics of tourism activity and poor populations.
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