EBRD and UNWTO announce tourism recovery incentives

The European Bank for Reconstruction and Development (EBRD) and the United Nations World Tourism Organisation (UNWTO) are joining forces to boost the recovery of the tourism sector across the 38 economies where the bank invests.

While some destinations are starting to ease restrictions, the crisis is far from over and this lockdown has led to a massive fall in international tourist arrivals.

EBRD and UNWTO have agreed to support a number of countries, including Albania, Armenia, Croatia, Egypt, Georgia, Greece, Jordan, Lebanon, Montenegro, Morocco, Tunisia, Turkey and Uzbekistan.

This includes recovery plans with incentives to revive the tourism sector, protocols to ensure the enhanced safety, hygiene and security of tourists, and marketing of measures that can boost tourism demand.

The EBRD is committing all of its activity in 2020-21 to helping its regions counter the economic impact of the coronavirus pandemic, with investment expected to reach up to €21 billion.