Inter-American Development Bank Aids Barbados World Heritage Tourism

“IDB loan to enhance the appeal of Barbados as a World heritage tourism and culture destination”
… source http://www.iadb.org/en/news/news-releases/2017-10-25/barbados-to-strengthen-its-global-tourism-presence,11931.html

“With support from the Inter-American Development Bank (IDB), Barbados will increase the appeal of its tourism attractions, with a focus on encouraging more spending by visitors on its unique heritage and cultural products, enhancing the digital visibility of Barbados in the global tourism market, and increasing the country’s international aviation connections.”

$20 Million Loan In Three Areas

First – development of new tourism venues, including:

• a new Visitor Centre in Bridgetown’s Old Town Hall Building
• the enhancement of an urban tourist route through historic Bridgetown
• improvements to the National Museum at the Garrison and the Oistins Waterfront

 

Second to increase the digital visibility and market awareness of Barbados as a cultural tourism

Third establish new air connectivity between Barbados and new markets.

Term Of Loan

This is a 25-year term, with 5.5-year grace period, and a LIBOR-based interest rate.

Aim: To help the Government of Barbados tourism sector, enhancing Barbados tourism brand, and connecting Barbados with new markets.

Managed by the Barbados Tourism Investment, Inc. (BTI).

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A selection of Heritage Hotels, Plantation Hotels & Heritage  locations >>>

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World Heritage Tourism Magazine

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The Inter-American Development Bank is devoted to improving lives.
Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region. Source IDB

IDB Press Contact – Christopher Barton | cbarton@iadb.org | (202) 623-1620

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