Program for the Development of Emerging Tourist Destinations.
The objective of the CCLIP is to help generate employment and income in emerging destinations, consolidating tourism activity as a factor in balanced regional development. The objective of the second individual operation is to increase tourism spending in three emerging destinations (Lower Santa Lucía River Basin Corridor; Minas Corrales-Tacuarembó Northern Corridor; and Calera de las Huérfanas), as tourism is an input that triggers employment and income at the local level

Project Detail

Country

Uruguay

Project Number

UR-L1155

Approval Date

July 30, 2019

Project Status

Implementation

Project Type

Loan Operation

Sector

SUSTAINABLE TOURISM

Subsector

DEVELOPMENT TOURISM DESTINATION & PRODUCT MANAGEMENT

Lending Instrument

Investment Loan

Lending Instrument Code

INV

Modality

ESP (Specific Investment Operation)

Facility Type

-

Environmental and Social Impact Category (ESIC)

Category B: Likely to cause mostly local and short-term negative environmental and associated social impacts and for which effective mitigation measures are readily available

Total Cost

USD 7,250,000.00

Country Counterpart Financing

USD 1,250,000.00

Original Amount Approved

USD 6,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
4838/OC-UR Sovereign Guaranteed USD - United States Dollar Ordinary Capital Flexible Financing Facility
Operation Number 4838/OC-UR
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Flexible Financing Facility