Getting Financed : 9 Tips for Community Joint Ventures in Tourism

Like many organizations working in the tourism sector, the authors believe that private sector investment is one of the key drivers of development. Over the past few years, the private sector has been a central innovator in forging business partnerships with local communities for tourism purposes around the world. Having demonstrated some extraordinary development results, joint ventures increasingly need to demonstrate their commercial viability over the long term. Moving out of the donor and grant-funded sphere and into the competitive capital markets in search of finance has posed a significant challenge. The author have observed that many community joint venture partnerships contain high levels of risk and that this risk usually is too high for banks to assume. The author have learned that this risk could be reduced to more acceptable levels in a number of ways, notably through better market-orientation and a more competitive enabling environment. This guide provides nine tips for all actors involved in this arena, including governments, the private sector, communities, banks, and nongovernmental organizations, to reduce risk and greatly improve joint ventures access to commercial finance.

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Bibliographic Details
Main Authors: World Bank Group, World Wildlife Fund
Format: Publications & Research biblioteca
Language:en_US
Published: World Bank, Washington, DC 2014-11
Subjects:access to credit, access to finance, access to financing, Access to Markets, accountant, accounting, accounts receivables, Administrative Barriers, asset base, asset quality, auctions, auto loans, balance sheet, Balance Sheets, borrower, business community, business development, business enterprise, business plan, Business plans, business risks, Capacity Building, capital injections, capital investment, capital markets, capital requirement, capital stock, Capitalization, cash flow, collateral, collateral for loans, collateral registries, collateral registry, collateral requirements, Commercial banks, commercial finance, commercial lenders, commercial loan, commercial loans, community development, competitive market, contractual obligations, Corporate governance, credibility, credit applications, credit history, credit information, creditors, creditworthiness, debt, debt obligations, debt service, decision making, default rate, developing countries, dispute resolution, diversification, dividends, donor funds, due diligence, earnings, economic development, economic opportunities, emerging economies, emerging markets, empowerment, enabling environment, entrepreneurs, environmental, environmental management, environments, equipment, equity contribution, Equity investors, expenditure, facilitation, farms, fiduciary responsibility, finances, financial health, financial history, financial information, financial institutions, financial management, financial obligations, financial performance, financial products, financial statements, financial structures, financial track record, financial viability, fixed asset, fixed costs, future cash flow, future cash flows, good credit, good faith, greater access, groups of people, Guarantee Agency, holding, household incomes, human resources, immovable assets, immovable property, income streams, income tax, Institutional Capacity, institutional investors, insurance, insurance products, intellectual property, interest payments, internal rate of return, International Finance, inventory, investing, investment fund, investment opportunities, investment period, investment policy, job creation, lack of information, lack of knowledge, land ownership, Land Reform, land rights, landowner, lease agreement, lease agreements, lease payments, legal advice, legal constraints, legal framework, Legal requirements, lender, lenders, lending decision, limited access, lines of credit, liquidity, loan application, loan portfolio, local business, local government, local market, local security, long-term debt, long-term investment, market competition, market confidence, market failures, marketable assets, microenterprises, minority shareholder, Monetary Fund, movable asset, movable collateral, movable property as collateral, National Bank, national income, natural capital, natural resources, nonprofit organizations, oil, operating costs, operational costs, opportunity cost, opportunity costs, policy makers, portfolios, present value, private investors, profitability, rate of return, registry system, regulatory framework, reinvestments, Repayment, reserves, Resource Management, resource use, return, return on investment, return on investments, returns, rural communities, securities, shareholder, shareholders, short-term assets, small enterprises, small-business, social development, social enterprise, Social enterprises, social responsibility, sources of finance, startup capital, stock exchanges, stocks, streams, sustainable development, tax, tax exempt, tax incentives, term credit, tradeoffs, trading, transaction, transactions law, transactions laws, Transactions Systems, transparency, turnover, unacceptable collateral, underlying asset, underlying assets, Union, unsecured loans, valuable assets, working capital,
Online Access:http://hdl.handle.net/10986/21698
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