EU Pitches Helping Hand to Foster Caribbean Tourism

A revolving fund of approximately 2.8 million euros will be at the beck and call of African, Caribbean and Pacific nations for the implementation of tourism development projects within the framework of PROINVEST, an initiative wielded by the European Union through the European Investment Bank.

Members of the European Commission gave details about the new plan during the Meeting of Tourism Investment Associations and Opportunities that took place at the Ritz Carlton Hotel in Montego Bay, Jamaica. An initial grant of 110 million euros was already allotted for this EU-sponsored program that has prompted partners from elsewhere to jump on the bandwagon.

The Caribbean Hotel and Tourism Investment Conference will be held in Barbados from May 9 to 11 next year. Jamaica played host to the 2004 edition.