MercoPress, en Español

Montevideo, April 24th 2019 - 02:10 UTC

Tag: Least Developed Countries (LDCs)

  • Friday, July 24th 2015 - 20:21 UTC

    Tourism as a tool for development under-financed, claims Taleb Rifai

    UNWTO chief underlined that tourism has been identified by half of the world´s Least Developed Countries as a priority instrument for poverty reduction.

    Tourism’s underrepresentation in international financing for development flows remains a critical hurdle to overcome in order to fully deploy its development potential. Despite being a high impact economic activity, a major job generator and key export sector accounting for 6% of total world trade, tourism receives only 0.78% of the total Aid for Trade (AfT) disbursements and a mere 0.097% of the total Official Development Assistance (ODA).