The two institutions signed a MoU to achieve United Nations Sustainable Development Goals in the development of tourism
The European Bank for Reconstruction and Development’s President Suma Chakrabart and the United Nations World Tourism Organization’s Secretary-General Zurab Pololikashvili have inked a Memorandum of Understanding (MoU) in Madrid to strengthen sustainable and inclusive tourism as a tool for achieving growth and development, as per a press-note by UNWTO.
Under the MoU, 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.
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.UNWTO encourages tourism’s socio-economic contribution while minimizing its possible negative impacts. The organization is committed to promoting tourism as an instrument in achieving the Sustainable Development Goals (SDGs), geared towards reducing poverty and fostering sustainable development worldwide.