SI & PIC Tourism (IFC-602286)

Countries
  • Solomon Islands
  • Vanuatu
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 18, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Industry and Trade
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 2.86 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 2.86 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jun 19, 2018

Disclosed by Bank Jun 6, 2018


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Project Description

Accordint to the IFC, the Solomon Islands, Vanuatu and Pacific Islands Tourism Project will support existing SMEs that are working to increase the value proposition of emerging destinations, target opportunities to scale and increase the economic contribution of tourism in these locations, and identify investment potential for public and private sector sponsors (at a local and regional level). A country-specific combination of SME development, market creation and investment pipeline activities will respond to the specific challenges and opportunities of each. IFC will provide support to both public and private sector entities, to help them understand new market opportunities available for tourism, the value of these opportunities, and how to actualize them in a cost-effective manner. The work is supported by Australia’s Department of Foreign Affairs and Trade (DFAT) and New Zealand’s Ministry of Foreign Affairs and Trade (MFAT).

Investment Description
  • International Finance Corporation (IFC)
Contact Information

ACCOUNTABILITY MECHANISM OF IFC

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