VTechWorks staff will be away for the Thanksgiving holiday starting Wednesday afternoon, Nov. 25, through Sunday Nov. 29, and will not be replying to requests during this time. Thank you for your patience.

Show simple item record

dc.contributor.authorPERIĆ, JOŽE
dc.contributor.authorMUJAČEVIĆ, ELVIS
dc.contributor.authorŠIMUNIĆ, MISLAV
dc.description.abstractInternational Financial Institutions (IFI’s) like World Bank Group and other regional developing banks helps reduce poverty and promote investments in less developed countries. This article outlines the role of IFI’s in financing projects in tourism and hospitality industry in developing countries, in terms of how much has been invested in these countries, type of investment, the effects of these investments on local economy and the results of these investments. Article opens with background on the tourism sector in developing countries its role in the economy. As the demand for tourism services has increased among World Bank Group member countries, so has the World Bank technical assistance focused on attracting foreign direct investment (FDI) in the tourism sector. So, in the second part of the article a brief analysis of policy and instruments used by the IFI’s to finance projects in less developed countries has been made especially by the International Finance Corporation which investments and advisory work in countries served by International Development Agency (IDA) now account for 40 percent of it’s projects. The next section focuses on investment promotion activity, including the work of Multilateral Investment Guarantee Agency (MIGA) and International Finance Corporation (IFC). An overview of the investments made by IFC in projects in tourism and hospitality industry in developing countries and guarantees issued by MIGA has been made. Article analyses total investments made by the IFC and guarantees issued by MIGA in tourism and hospitality industry for the period from 1991 – 2009, in developing countries.en_US
dc.publisherJournal of International Business and Cultural Studiesen_US
dc.rightsIn Copyrighten
dc.subjectWorld Banken_US
dc.subjecthotel investmentsen_US
dc.subjecttourism and hospitality industryen_US
dc.subjectdeveloping countriesen_US
dc.subjecttourism financingen_US
dc.titleInternational financial institution investments in tourism and hospitalityen_US

Files in this item


This item appears in the following Collection(s)

Show simple item record