CAF creates Tourism Directorate to boost development and employment 

15-05-23

CAF, Development Bank of Latin America, announces the creation of the Directorate of Tourism, which will be located in Santo Domingo, Dominican Republic, with the purpose of supporting its member countries, governments and entrepreneurs, in the use of their tourism potential as an important factor for development and employment generation, with emphasis on environmental, social, cultural and economic sustainability; innovation, regeneration and inclusion.

CAF's Executive President, Sergio Díaz-Granados, highlighted the growth potential of the sector and the synergies that can be promoted: "This new Directorate means not only a further strengthening of relations between the institution and the Dominican Republic, but also a new contribution to the sustainable development and integration of our partners through tourism and the promotion of a dynamic work agenda with the public and private sectors throughout Latin America and the Caribbean to contribute to such an important engine for the generation of employment and foreign exchange and the welfare of our people".