IDB Supports Chile Tourism Development, Forest Conservation Project

    The Inter-American Development Bank has allocated a USD31.57 million loan for the development of Chile's tourism industry. The funds will support a program that aims to promote new tourism destinations, boost competitiveness among local tourism entrepreneurs, and strengthen public tourism management. The program includes projects that will cover the construction and rehabilitation of tourism-related facilities, creation of tourism business networks and improvement of Chile's national tourism information system.

    IDB is also providing a USD10 million loan for Chile's national forest agency, which is currently active in efforts to preserve forests and promote sustainable development of woodland ecosystems.

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      Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.