Getting Financed : 9 Tips for Community Joint Ventures in Tourism
Like many organizations working in the tourism sector, the authors believe that private sector investment is one of the key drivers of development. Over the past few years, the private sector has been a central innovator in forging business partnerships with local communities for tourism purposes ar...
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| Format: | Publications & Research |
| Language: | en_US |
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World Bank, Washington, DC
2015
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/21698 |
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okr-10986-21698 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
en_US |
| topic |
access to credit access to finance access to financing Access to Markets accountant accounting accounts receivables Administrative Barriers asset base asset quality auctions auto loans balance sheet Balance Sheets borrower business community business development business enterprise business plan Business plans business risks Capacity Building capital injections capital investment capital markets capital requirement capital stock Capitalization cash flow collateral collateral for loans collateral registries collateral registry collateral requirements Commercial banks commercial finance commercial lenders commercial loan commercial loans community development competitive market contractual obligations Corporate governance credibility credit applications credit history credit information creditors creditworthiness debt debt obligations debt service decision making default rate developing countries dispute resolution diversification dividends donor funds due diligence earnings economic development economic opportunities emerging economies emerging markets empowerment enabling environment entrepreneurs environmental environmental management environments equipment equity contribution Equity investors expenditure facilitation farms fiduciary responsibility finances financial health financial history financial information financial institutions financial management financial obligations financial performance financial products financial statements financial structures financial track record financial viability fixed asset fixed costs future cash flow future cash flows good credit good faith greater access groups of people Guarantee Agency holding household incomes human resources immovable assets immovable property income streams income tax Institutional Capacity institutional investors insurance insurance products intellectual property interest payments internal rate of return International Finance inventory investing investment fund investment opportunities investment period investment policy job creation lack of information lack of knowledge land ownership Land Reform land rights landowner lease agreement lease agreements lease payments legal advice legal constraints legal framework Legal requirements lender lenders lending decision limited access lines of credit liquidity loan application loan portfolio local business local government local market local security long-term debt long-term investment market competition market confidence market failures marketable assets microenterprises minority shareholder Monetary Fund movable asset movable collateral movable property as collateral National Bank national income natural capital natural resources nonprofit organizations oil operating costs operational costs opportunity cost opportunity costs policy makers portfolios present value private investors profitability rate of return registry system regulatory framework reinvestments Repayment reserves Resource Management resource use return return on investment return on investments returns rural communities securities shareholder shareholders short-term assets small enterprises small-business social development social enterprise Social enterprises social responsibility sources of finance startup capital stock exchanges stocks streams sustainable development tax tax exempt tax incentives term credit tradeoffs trading transaction transactions law transactions laws Transactions Systems transparency turnover unacceptable collateral underlying asset underlying assets Union unsecured loans valuable assets working capital |
| spellingShingle |
access to credit access to finance access to financing Access to Markets accountant accounting accounts receivables Administrative Barriers asset base asset quality auctions auto loans balance sheet Balance Sheets borrower business community business development business enterprise business plan Business plans business risks Capacity Building capital injections capital investment capital markets capital requirement capital stock Capitalization cash flow collateral collateral for loans collateral registries collateral registry collateral requirements Commercial banks commercial finance commercial lenders commercial loan commercial loans community development competitive market contractual obligations Corporate governance credibility credit applications credit history credit information creditors creditworthiness debt debt obligations debt service decision making default rate developing countries dispute resolution diversification dividends donor funds due diligence earnings economic development economic opportunities emerging economies emerging markets empowerment enabling environment entrepreneurs environmental environmental management environments equipment equity contribution Equity investors expenditure facilitation farms fiduciary responsibility finances financial health financial history financial information financial institutions financial management financial obligations financial performance financial products financial statements financial structures financial track record financial viability fixed asset fixed costs future cash flow future cash flows good credit good faith greater access groups of people Guarantee Agency holding household incomes human resources immovable assets immovable property income streams income tax Institutional Capacity institutional investors insurance insurance products intellectual property interest payments internal rate of return International Finance inventory investing investment fund investment opportunities investment period investment policy job creation lack of information lack of knowledge land ownership Land Reform land rights landowner lease agreement lease agreements lease payments legal advice legal constraints legal framework Legal requirements lender lenders lending decision limited access lines of credit liquidity loan application loan portfolio local business local government local market local security long-term debt long-term investment market competition market confidence market failures marketable assets microenterprises minority shareholder Monetary Fund movable asset movable collateral movable property as collateral National Bank national income natural capital natural resources nonprofit organizations oil operating costs operational costs opportunity cost opportunity costs policy makers portfolios present value private investors profitability rate of return registry system regulatory framework reinvestments Repayment reserves Resource Management resource use return return on investment return on investments returns rural communities securities shareholder shareholders short-term assets small enterprises small-business social development social enterprise Social enterprises social responsibility sources of finance startup capital stock exchanges stocks streams sustainable development tax tax exempt tax incentives term credit tradeoffs trading transaction transactions law transactions laws Transactions Systems transparency turnover unacceptable collateral underlying asset underlying assets Union unsecured loans valuable assets working capital World Bank Group World Wildlife Fund Getting Financed : 9 Tips for Community Joint Ventures in Tourism |
| description |
Like many organizations working in the tourism sector, the authors believe that private sector investment is one of the key drivers of development. Over the past few years, the private sector has been a central innovator in forging business partnerships with local communities for tourism purposes around the world. Having demonstrated some extraordinary development results, joint ventures increasingly need to demonstrate their commercial viability over the long term. Moving out of the donor and grant-funded sphere and into the competitive capital markets in search of finance has posed a significant challenge. The author have observed that many community joint venture partnerships contain high levels of risk and that this risk usually is too high for banks to assume. The author have learned that this risk could be reduced to more acceptable levels in a number of ways, notably through better market-orientation and a more competitive enabling environment. This guide provides nine tips for all actors involved in this arena, including governments, the private sector, communities, banks, and nongovernmental organizations, to reduce risk and greatly improve joint ventures access to commercial finance. |
| format |
Publications & Research |
| author |
World Bank Group World Wildlife Fund |
| author_facet |
World Bank Group World Wildlife Fund |
| author_sort |
World Bank Group |
| title |
Getting Financed : 9 Tips for Community Joint Ventures in Tourism |
| title_short |
Getting Financed : 9 Tips for Community Joint Ventures in Tourism |
| title_full |
Getting Financed : 9 Tips for Community Joint Ventures in Tourism |
| title_fullStr |
Getting Financed : 9 Tips for Community Joint Ventures in Tourism |
| title_full_unstemmed |
Getting Financed : 9 Tips for Community Joint Ventures in Tourism |
| title_sort |
getting financed : 9 tips for community joint ventures in tourism |
| publisher |
World Bank, Washington, DC |
| publishDate |
2015 |
| url |
http://hdl.handle.net/10986/21698 |
| _version_ |
1764449126974488576 |
| spelling |
okr-10986-216982021-04-23T14:04:04Z Getting Financed : 9 Tips for Community Joint Ventures in Tourism World Bank Group World Wildlife Fund access to credit access to finance access to financing Access to Markets accountant accounting accounts receivables Administrative Barriers asset base asset quality auctions auto loans balance sheet Balance Sheets borrower business community business development business enterprise business plan Business plans business risks Capacity Building capital injections capital investment capital markets capital requirement capital stock Capitalization cash flow collateral collateral for loans collateral registries collateral registry collateral requirements Commercial banks commercial finance commercial lenders commercial loan commercial loans community development competitive market contractual obligations Corporate governance credibility credit applications credit history credit information creditors creditworthiness debt debt obligations debt service decision making default rate developing countries dispute resolution diversification dividends donor funds due diligence earnings economic development economic opportunities emerging economies emerging markets empowerment enabling environment entrepreneurs environmental environmental management environments equipment equity contribution Equity investors expenditure facilitation farms fiduciary responsibility finances financial health financial history financial information financial institutions financial management financial obligations financial performance financial products financial statements financial structures financial track record financial viability fixed asset fixed costs future cash flow future cash flows good credit good faith greater access groups of people Guarantee Agency holding household incomes human resources immovable assets immovable property income streams income tax Institutional Capacity institutional investors insurance insurance products intellectual property interest payments internal rate of return International Finance inventory investing investment fund investment opportunities investment period investment policy job creation lack of information lack of knowledge land ownership Land Reform land rights landowner lease agreement lease agreements lease payments legal advice legal constraints legal framework Legal requirements lender lenders lending decision limited access lines of credit liquidity loan application loan portfolio local business local government local market local security long-term debt long-term investment market competition market confidence market failures marketable assets microenterprises minority shareholder Monetary Fund movable asset movable collateral movable property as collateral National Bank national income natural capital natural resources nonprofit organizations oil operating costs operational costs opportunity cost opportunity costs policy makers portfolios present value private investors profitability rate of return registry system regulatory framework reinvestments Repayment reserves Resource Management resource use return return on investment return on investments returns rural communities securities shareholder shareholders short-term assets small enterprises small-business social development social enterprise Social enterprises social responsibility sources of finance startup capital stock exchanges stocks streams sustainable development tax tax exempt tax incentives term credit tradeoffs trading transaction transactions law transactions laws Transactions Systems transparency turnover unacceptable collateral underlying asset underlying assets Union unsecured loans valuable assets working capital Like many organizations working in the tourism sector, the authors believe that private sector investment is one of the key drivers of development. Over the past few years, the private sector has been a central innovator in forging business partnerships with local communities for tourism purposes around the world. Having demonstrated some extraordinary development results, joint ventures increasingly need to demonstrate their commercial viability over the long term. Moving out of the donor and grant-funded sphere and into the competitive capital markets in search of finance has posed a significant challenge. The author have observed that many community joint venture partnerships contain high levels of risk and that this risk usually is too high for banks to assume. The author have learned that this risk could be reduced to more acceptable levels in a number of ways, notably through better market-orientation and a more competitive enabling environment. This guide provides nine tips for all actors involved in this arena, including governments, the private sector, communities, banks, and nongovernmental organizations, to reduce risk and greatly improve joint ventures access to commercial finance. 2015-04-08T15:16:42Z 2015-04-08T15:16:42Z 2014-11 http://hdl.handle.net/10986/21698 en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper |