Development of Tourism in Northern Guatemala

MIF will finance the study of the project for the benefit of 300 micro-enterprise and community tourism projects.

Monday, June 1, 2009

The agreement between the Multilateral Investment Fund (MIF) of the Inter-American Development Bank (IDB) and the Foundation for the Development of Guatemala (FUNDESA), allocated $1,337,780 to implement the “Definition and Management of a Tourist Destination in the North Cluster of the Cuatro Balam Area, in Petén."

According to "The project’s execution will last 36 months, with a budget of $1,337,780, of which the MIF will provide $907,780, PACUNAM a total of $215 thousand and GHF the remaining $215 thousand.
'The purpose of the project is to contribute to sustainable use of Guatemalan tourism as an icon of the Mayan culture,’ says the press release."

More on this topic

Rural Tourism Associated with Tilapias

March 2012

A study by Fundes sees a potential for promoting rural tourism in tilapia farms in El Salvador.

The project by Fundes El Salvador propose the idea that rural tourism could push forward the development of aquaculture in the country and revive local economies (Fundes is an NGO that supports the development of small businesses as an alternative to poverty).

Sustainable Tourism Project Contest

September 2010

IDB, partners seek sustainable tourism projects for coastal and freshwater destinations.

The Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank group, and two partners are seeking sustainable tourism proposals for coastal, waterway, and island destinations that protect the environment and strengthen the heritage and livelihoods of the local population.

$5 million for promoting businesses in Panama

January 2009

The purpose of the "Support for Dynamic Entrepreneurship" project is to promote companies with the potential for growth and internationalization. reports on its website: "Acelerador de Empresas, which is a part of the "City of Knowledge" Foundation, signed an agreement for the "Support for Dynamic Entrepreneurship" project with the IDB, via the Multilateral Investment Fund.

Big Companies to save Mayan heritage

November 2008

A Foundation groups the major corporations that operate in Guatemala. Their first project: to develop El Mirador, an invaluable archaeological site.

In Guatemala a new model has been developed where the companies can contribute to important projects. The Pacunam Foundation, groups the major corporations that operate in country.

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