Posts by Development Impact
Why is additionality key for private sector development finance?
To meet the ambitious targets laid out by the Sustainable Development Goals (SDGs), it is necessary to accelerate collective action, coordination, and resource mobilization across the public and private sectors. Public sector resources alone are not sufficient to bring development finance from the “billions to trillions” required to achieve the SDGs.
All-inclusive hotels: A key for Latin America and the Caribbean’s growth
The traditional all-inclusive concept has significantly evolved in recent years to better adapt to changing consumer preferences, demographics and booking patterns. Guest behavior and expectations are being reshaped by a shift in consumers’ mindset towards travel and the disruptive impact of technology. Travelers are increasingly seeking personalization and authenticity in their vacation experiences, more involvement and connection with the local community, and a genuine engagement in environmentally responsible practices—all of this while maintaining full control of their choices and increasingly relying on mobile and electronic devices as a preferred booking method. A revamped all-inclusive 2.0 model is becoming more sensitive to these consumer needs and undergoing an exciting metamorphosis.
Development Effectiveness: Adding Value beyond Financing
A new private sector In his recent annual letter to CEOs, Larry Fink, the founder and CEO of the investment firm BlackRock, called on companies to incorporate both profit and purpose into their business strategies. “Society is demanding that companies, both public and private, serve a social purpose. To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society.”
Three Ways to Support the Resilience of MSMEs to Overcome COVID-19
For MSMEs, the response to COVID-19 requires not only ensuring their survival in the short term, it also requires evaluating possible scenarios to align recovery efforts. For this, it is essential to strengthen their resilience.
Caribbean Tourism: The Private Sector Cannot Do It Alone
Caribbean economies that heavily depend on tourism require meaningful public stimulus. One key to recovery is to keep businesses solvent.
Regional Tourism Industry Binds Together to Overcome COVID-19
As tourism awaits the reopening of economies, it’s crucial to stay close to industry stakeholders, to understand how they are handling the pandemic and mitigating the impact on the business, employees and the community at large. One thing is clear: no one has the luxury to stand on the sidelines as a spectator.