The European Bank for Reconstruction and Development (EBRD) and the UN World Tourism Organization (UNWTO) have joined forces to strengthen sustainable and inclusive tourism as a tool for achieving growth and development.
Under an MoU, signed by EBRD President Suma Chakrabarti and UNWTO Secretary-General Zurab Pololikashvili at the UNWTO Headquarters in Madrid, the two institutions pledge to work together in promoting and fostering tourism for the achievement of the 2030 Agenda and the 17 UN Sustainable Development Goals.
The MoU is also aligned with the new property and tourism strategy the EBRD announced recently.
According to an announcement, the EBRD and UNWTO are looking for ways to strengthen the role of the tourism sector for social, economic and environmental development for regional integration and economic diversification.
Fostering education and training in tourism for job creation and socioeconomic inclusion, by adopting the best practices to increase and improve skillsets in the sector, is a key priority for both the EBRD and UNWTO.
The two institutions will also look to strengthen tourism governance and institutions, promote policy dialogue at national and regional level on matters of common concern, facilitate investments and advocate for the increase of Official Development Aid flows to the tourism sector, including through UNWTO.
The EBRD and UNWTO are longstanding partners. In 2015, the two institutions signed an agreement in the framework of the EBRD’s commitment for supporting inclusive and sustainable tourism in the economies where the Bank invests, particularly in the southern and eastern Mediterranean (SEMED) region and the Western Balkans.