Tourism development loan scheme for Brazilian states
Brazil is to receive $1 billion in loans from the Inter American Development Bank (IDB) to promote tourism in the country.
The agreement, concluded last week between the federal tourism ministry and the IDB, will allow states and municipalities with populations over one million to apply directly to the bank for development loans.
Under the scheme, it is hoped that tourist attractions will be renovated, infrastructure renewed and hospitality industry staff trained in order to boost the appeal of Brazil’s regions to visitors.
Brazzil magazine reports that over 20 states have already expressed an interest in obtaining funding, and a number, including Santa Catarina, Ceara, Goias, Rio Grande do Norte (North), Para and Mato Grosso do Sul, have already submitted official proposals to the ministry of planning.
Amapa, Tocantins, Espirito Santo, Sergipe, Piaui, Paraiba and Rio de Janeiro are also reported to be preparing official approaches.
Tourism in Brazil is a growing part of the country’s booming economy. In 2005, almost 5.5 million people visited the country from overseas, creating 678,000 jobs.
For more information on Brazil property investment and to find out about uv10’s latest projects, contact uv10 on 0845 643 1036 or email info@uv10.com or visit our website: http://www.uv10.com
