This new CAF department, which is already in operation, places special emphasis on environmental, social, cultural and economic sustainability.
The CAF-Development Bank of Latin America has created a Tourism Department to support its members in taking advantage of their tourism potential as a factor for development and employment generation, a department based in the Dominican capital.
This new CAF directorate, which is already in operation, places special emphasis on environmental, social, cultural and economic sustainability, as well as innovation, regeneration and inclusion, the entity informed Wednesday in a statement.
CAF’s executive president, Sergio Díaz-Granados, highlighted the growth potential of the sector and the synergy that can be promoted from this directorate, which represents “a new contribution to the sustainable development and integration” of its partners through tourism and the promotion of a work agenda with the public and private sectors of Latin America and the Caribbean to promote a key area in the generation of employment and foreign exchange.
The Directorate of Tourism, which strengthens relations between the institution and the Dominican Republic, will be headed by Oscar Rueda García, who was president of the Colombian Association of Travel and Tourism Agencies (Anato), deputy minister of Tourism for more than six years, president of the World Federation of Travel Agencies Associations and a member of the Executive Committee of the UNWTO for four years.
CAF-Development Bank of Latin America’s mission is to promote sustainable development and regional integration by financing public and private sector projects, providing technical cooperation and other specialized services.
Formed in 1970 and currently comprised of 21 countries (19 from Latin America and the Caribbean, along with Spain and Portugal) and 13 private banks, it is one of the main sources of multilateral financing and an important generator of knowledge for the region.
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