The International Finance Corporation and Banco Sabadell grant loans to promote sustainable infrastructure in Quintana Roo and Jalisco.
Hotels in the Riviera Maya and Jalisco received credits for 100 million dollars from the International Finance Corporation (IFC) and Banco Sabadell to support the sustainable tourism industry in the face of Covid-19.
Some of the hotels benefited are the Secrets Playa del Carmen, Dreams Riviera Cancun, and Now and Secrets Vallarta complexes, which meet more than 90 percent of the Rainforest Alliance environmental requirements for energy efficiency, water-saving, and emission of greenhouse gases control.
“The tourism industry has been one of the sectors hardest hit by the economic crisis caused by Covid-19 pandemic. It is essential for us to support this sector in these difficult times. This is also the first time that IFC has allocated through financial institutions the entire credit to promote sustainable tourism in Mexico “, said Marcela Ponce, the leader in Climate Finance for IFC in Latin America.
They seek to promote sustainable infrastructure
Originally, the resources disbursed to hotels were announced in 2019, with the aim of driving the development of sustainable infrastructure.
“These loans reinforce the value of what the hotel and tourism sector represent for the country regardless of adversity,” stated Francisco Lira, deputy director-general of C&IB and Banca Empresas de Sabadell.
For IFC, investment in sustainable tourism infrastructure contributes substantially to the development of the countries, which fosters growth in areas such as services, energy, and telecommunications.
In his study Climate Business Opportunities in Cities 2018, it was calculated that the Latin American and Caribbean region represents an investment potential of 4.1 trillion dollars until 2030 in terms of green buildings.
more recommended stories
Cancun airport operating under 500 daily flights for 26 consecutive days due to Omicron
After a positive streak of 26.
Turkmenistan wants to shut down the ‘Gates of Hell’ for good (Watch Video)
‘Gates of Hell’ may soon shut.
Lopez Obrador back in his morning press conference after only one week of testing positive for Covid
AMLO returned to his morning news.
SSP suspends clandestine party with alcohol, drugs and 30 minors in Kanasin, Yucatan
Two people were arrested for holding.
An eco-friendly way to keep street cats warm in Egypt goes viral (Watch Video)
In Giza, Egypt locals came up.
Yucatan Tourism Sector fears cancellation of conventions due to the increase in Covid-19 infections
Tourist Sector asks the population to.
Local businessmen express their interest to invest in La Plancha
Businessmen from Yucatan and Mexico confirm their.
Dispute over land leaves a seriously injured person in Halachó, Yucatan (Watch Video)
Violence breaks out in a Halachó.
Massive Icefish breeding colony discovered in Antarctica
A polar research exploration has discovered.
Tulum Hotel Association re-elects leader for three more years
David Ortiz Mena will be president.