PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

589687

Primary Business Area

Sustainable Business Advisory

Disclosure Date

Dec 12, 2013

Country

Vanuatu

Region

East Asia and the Pacific

IFC Approval Date

Aug 8, 2013

Status

Completed

Estimated Total Budget

$3,724,918.00
(Project budget includes all project-funded activities)

Last Updated Date

Sep 6, 2019

Project Estimated End Date

Dec 31, 2016

Project Description

IFC's Pacific Regional Tourism Initiative will address constraints to tourism sector development in the Pacific, with an initial focus on the countries of Vanuatu, Samoa and Tonga. The Pacific Regional Tourism Initiative is supported by AusAID. IFC will support an increase in demand for the Pacific tourism product by building partnerships between outbound tour operators in fast-growing Asian markets and private sector operators in targeted Pacific countries, with the goal of catalyzing Asian markets for future development. IFC will also work on the supply side by supporting development of infrastructure - including accommodation and other tourism-linked facilities. Finally, in 2014 IFC is partnering with cruise operators to conduct an economic impact study of cruise tourism in Vanuatu, which will provide baseline data on the sector and identify priority investment opportunities for cruise sector development and increased local economic impact from the cruise business.

Development Results