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Latino Daily News

Thursday October 27, 2011

Uruguay Set to Invest Millions in Bolstering Tourism Sector

Uruguay Set to Invest Millions in Bolstering Tourism Sector

Photo: Uruguay Set to Bolster Tourism

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The Inter-American Development Bank (IDB) approved a loan for $5 million to promote tourism in six Uruguayan departments with the aim of boosting foreign exchange earnings, income, and employment.

The Program to Support the Tourism Sector will increase tourism investment in the departments of Soriano, Río Negro, Paysandú, Salto, Artigas, and Rivera. The program will focus on tourist destinations and activities related to the Uruguay River.

Objectives for the next four years are to increase tourism investment by 17 percent, boost foreign exchange earnings in target areas by nearly 23 percent, create new tourism enterprises, generate jobs, and raise incomes of low-income households.

The program will seek to enhance tourism in the Uruguay River Corridor and associated destinations, support entrepreneurship and private investment, and establish an integrated management model for the corridor.  Activities include building a network of river-based attractions and visitor centers that will be strategically located for new operators and tourists.