The European Bank of Reconstruction and Development (EBRD) and the United Nations World Tourism Organization (UNWTO) announced a new partnership promoting inclusive and sustainable tourism.
The two organizations will work together to foster sustainable tourism and inclusive tourism to fuel socio-economic growth through resource efficiency and youth inclusion. The agreement between the UNWTO and the EBRD involves fostering youth in the tourism industry by providing training and job opportunities, creating opportunities for small and medium-sized businesses in the industry, the sharing of best practices, and the promotion of resource and energy efficiency.
The agreement will cover support for sustainable tourism in the southern and eastern Mediterranean regions and the Western Balkans, areas where the EBRD mainly operates. EBRD operations for inclusive and sustainable tourism will be able to tap into the expertise of various educational resources of the UNWTO, including the Themis Foundation, Collaborative Actions for Sustainable Tourism (COAST), and Hotel Energy Solutions (HES).
“Tourism is a major contributor to the economies of many EBRD countries of operations. This partnership will enable both organisations to work together, with both the public and private sector, to promote sustainable and inclusive practices in the tourism industry. The EBRD aims in particular to promote youth inclusion in the industry in regions where young people are facing substantial challenges in participating in the economy due to skills mismatches and limited access to training opportunities.” – Sir Suma Chakrabarti, President, European Bank of Reconstruction and Development
“The tourism sector is making a fundamental contribution to the current economic recovery and can play a leading role in advancing inclusive development, namely in terms of job creation. By partnering with the European Bank for Development and Reconstruction we will be able to create opportunities to generate more and better employment opportunities while supporting the transition of the sector to a more sustainable path” Taleb Rifai, Secretary General, United Nations World Tourism Organization
The United Nations World Tourism Organization is responsible for the “promotion of responsible, sustainable and universally accessible tourism.” The UNWTO focuses on tourism as a driver of economic growth and sustainability, and is one of many United Nations organizations dedicated to achieving the Sustainable Development Goals.
The European Bank of Reconstruction and Development is the largest financial investor in the regions of central Europe, southern and eastern Mediterranean, Western Balkans, and Central Asia. Owned by 65 countries, the European Union, and the European Investment Bank, the EBRD aims to “promote market economies that function well – where businesses are competitive, innovation is encouraged, household incomes reflect rising employment and productivity, and where environmental and social conditions reflect peoples’ needs.”
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