Private Sector Development
PROPARCO’S MAGAZINE
Issue 7
September 2010
SHOULD TOURISM BE PROMOTED IN DEVELOPING COUNTRIES? How tourism in developing countries is considered by States, donors, commercial banks and private investors? Can it truly benefit developing countries by boosting growth and reducing poverty? What are the positive and negative impacts of tourism projects? Do they depend on the type and size of project? What motivates private investments in tourism and what risks do they face in developing countries? Is tourism a catalyst of investments? This issue compares experts’ views on these questions.
Contents AN UNCONVENTIONAL BUT ESSENTIAL MARRIAGE: PRO-POOR TOURISM AND THE MAINSTREAM INDUSTRY Jonathan Mitchell, Overseas Development Institute Page 3
TOURISM: A RISK FOR DEVELOPING COUNTRIES?
IFC’S APPROACH TO INVESTING IN TOURISM
Jean-Jacques Nowak, Université de Lille Mondher Sahli, Victoria University of Wellington
Carolyn L. Cain, Anastasia Gekis International Finance Corporation
Page 11
UNLOCKING THE POTENTIAL OF TOURISM IN ZAMBIA
COMBINING BEST PRACTICES AND PROFIT IN TOURISM
Kirk Hamilton, Jean-Michel Pavy World Bank
Mahmud Janmohamed, Serena Hotels Africa Page 14
Page 7
KEY DATA Tourism in figures Page 17
Page 19
WHAT TOURISM FOR REMOTE AREAS IN DEVELOPING COUNTRIES? Agnès Weil, Grégory Lanter, Club Méditerranée Page 22
TOURISM IN DEVELOPING COUNTRIES: A NEGLECTED LEVER OF GROWTH DESPITE ITS POTENTIAL Denis Sireyjol, Proparco Page 25