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The World Bank dropped its engagement in the tourism sector during the 1980s after twenty years of financing tourism … other tourism related projects. At the time, World Bank lending for tourism in Latin America and the Caribbean (LAC) was … just US$350 million per year. After the tourism department closed in the late 70s, some projects supporting tourism …
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As discussed in Hawkins and Mann (2007), the World Bank dropped its engagement in the tourism sector during the 1980s … after twenty years of financing Bank's tourism projects which included infrastructure for resort sites, lines of credit for … hotels, training, and some investment in hotels and other tourism related projects. At the time, World Bank lending for …
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