Page 171 - Introduction to Tourism

to make developmental loans. Examples include the

World

Bank (United States), International Finance
Corporation (United States), the OPEC Fund for

International Development (Austria), African

Development Bank (C ô te d ’ Ivoire), East African
Development Bank (Uganda), Inter - American

Development Bank (United States), Caribbean

Development Bank (Barbados), Asian Development

Bank (Philippines), European Investment Bank
(Luxembourg), European Regional Development Fund

(Belgium), European Bank for Reconstruction and

Development (United Kingdom), Islamic Development
Bank (Saudi Arabia), and the Arab Fund for Economic

and Social Development (Kuwait). Examples of

national organizations are FONATUR (Mexico) and

Embratur (Brazil). Further sources include
governments of countries that want additional hotel

development or other supply components and are

willing to make low - interest loans or grants or offer
other financial inducements for such types of

development.

Organization for Economic

Cooperation and Development

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