Heritage Conservation in Latin America and the Caribbean. Recent Bank Experiences

The Bank is leading the involvement of development banks in financing urban heritage conservation projects in Latin America and the Caribbean. This is a new area of work for the Bank and emerged in response to requests from borrowing member governments for assistance in their efforts to preserve sites and monuments valued as important components of their heritage. The Bank has been reluctant to commit itself too openly to expand its activities in this field. Currently it does not have a policy framework for this type of operations nor much experience in this type of projects. However, out of the experience gained in processing several operations a practice is emerging in which lessons are learned and new questions arise. This note provides a glimpse into this complex field of Bank intervention and lays out some of the emerging issues and questions.

Last updated: 05/04/05

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