The Bank is receiving an increasing number of requests from state and municipal governments to finance publicly owned convention centers. This paper suggests that few of these projects will bring the benefits expected and may impose fiscal burdens on states and municipalities that will make it...

This paper present examples of positive economic and social impacts of cultural projects and mentions an interpretation of the positive interaction between development and culture. Several best practices are explored for each single topic and guidelines for future IDB projects are suggested....

When investing in small and mid-size hotel projects, the IDB, as a general rule, requires that the Sponsor develop and implement an environmental and social management system (ESHSMS). The ESHSMS is typically developed after completion of the Environmental Assessment Process which, depending on...

This paper discusses the role of culture in development through suggestions, speculations, and case studies from several parts of the world. Most of the cases have been collected through interviews, brain storming, intense discussions, collegial laughs, and open doubts. This paper compliments...