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Sunday, 28 June 2020

Egypt in line for EBRD, UNWTO emergency tourism funding

Egypt in line for EBRD, UNWTO emergency tourism funding: Egypt is among a list of countries being considered by the European Bank for Reconstruction and Development (EBRD) and the UN World Tourism Organization (UNWTO) for emergency finance to support its tourism sector through the covid-19 pandemic, the EBRD said in a statement over the weekend. The multilateral lender didn’t provide specifics on how much funding will be made available and didn’t confirm whether Egypt would definitely be in line for assistance but said that it is one country “currently envisaged” for targeted support.

About the program: The EBRD is collaborating with the UN agency to provide assistance to countries whose tourism sectors have been heavily hit by restrictions introduced in response to the novel coronavirus. The funding will help countries upgrade health and safety protocols, design marketing campaigns to solve demand problems, and fund capacity-building and training programs for local workers.

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