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strategy
Providing loans for tourism
Implementation:
In thirty-three years of operations in Latin America and the Caribbean, the Inter-American Development Bank (IDB) has made 33 loans for US$963 million to finance tourism and microenterprise projects costing a total of $1,900 million.
Broader:
Providing loans
Providing low-interest loans
Facilitates:
Assisting tourist industry in developing countries
Assisting tourist industry in developing countries
Problems:
Bad loans
Bank fraud
Defaults on international loans
Deteriorating terms of international financial loans to vulnerable countries
Discrimination against women in banking
Domination of restrictive project loans by transnational banks
Excessive anxiety on overseas lending
Fraudulent loans
Inadequate diversification of loans to vulnerable countries
Insufficient programme funding
Limited availability of loans
Over-dependency on international financial institutions
Racial discrimination in according financial loans
Restrictive conditions on loans through intergovernmental facilities
Reverse flow of financial aid
Uncertainty of development programmes due to short-term loans
Unethical financial practices
Unpaid debts
Organizations:
Inter-American Development Bank
Subjects:
Transportation, Telecommunications
→
Tourism
Commerce
→
Credit
Type Classification:
D: Detailed strategies
Related UN Sustainable Development Goals: