{"id":36231,"date":"2023-02-22T16:12:37","date_gmt":"2023-02-22T16:12:37","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/nature-based-tourism-key-in-boosting-rwandas-economy-world-bank"},"modified":"2023-02-22T16:34:13","modified_gmt":"2023-02-22T16:34:13","slug":"nature-based-tourism-key-in-boosting-rwandas-economy-world-bank","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/economy\/nature-based-tourism-key-in-boosting-rwandas-economy-world-bank","title":{"rendered":"Nature-based tourism key in boosting Rwanda\u2019s economy \u2013 World Bank"},"content":{"rendered":"

Africa-Press – Rwanda. <\/strong><\/span>Investing in and preserving Nature Based Tourism (NTB) is crucial in driving Rwanda\u2019s economic growth as well as generating multi-sectoral benefits, according to the World Bank.<\/p>\n

cThis is highlighted in the Rwanda Economic Update report by the World Bank which is themed \u201cMaking Most of Nature Based Tourism in Rwanda,\u201d released on February 21.<\/p>\n

Nature-Based Tourism means experiencing natural resources in a wild and undeveloped form. Over the past decade, 80 percent of the tourists who come to Rwanda for leisure or for business visit national parks.<\/p>\n

Despite the different economic hurdles that the country faced, Rwanda\u2019s economy grew by 8 percent in the first three quarters of 2022, spurred by the revival of tourism.<\/p>\n

Rolande Pryce, the Country Director of World Bank, recommended that more efforts be put in managing and enhancing tourism demand as well as diversifying the tourism aspect and experiences.<\/p>\n

He said: \u201cWe also would want the government to focus on increasing the number of arrivals, diversifying product offering. This way, we keep investments in community-based tourism and support for SMEs as suppliers of products and services in the value chain.\u201d<\/p>\n

According to the report, for every $1 million that NBT activities inject into the economy, an additional 1,328 new jobs are created.<\/p>\n

The tourism sector holds a larger share of formal jobs and women workers than the rest of sectors.<\/p>\n

The Minister of Environment, Jeanne D\u2019Arc Mujawamariya, noted that tourism needs to be strengthened without negatively impacting the natural resources and animals\u2019 habitat.<\/p>\n

\u201cWe need to ensure our natural assets are well protected to prevent the risk of infections. We also need to ensure communities are always at the heart of our conservation efforts,\u201d she added.<\/p>\n

The report highlighted that besides gorilla tourism, new NBT activities need to be developed alongside efforts to expand tourism, including water-based, urban and adventure tourism.<\/p>\n

Private sector role<\/p>\n

The report highlighted that involving private sector investment is critical to promote nature-based tourism in the country.<\/p>\n

A total financing estimated between $97.5million and $107.7 million is required for sustainable management of the natural resources, ecosystems, and biodiversity that underpin NBT by 2030.<\/p>\n

\u201cIt will be important to rely on diversified sources of financing for both the public and private sector, including debt and non-debt instruments, and to establish the policy framework required to encourage investment in NBT,\u201d the report indicated.<\/p>\n

Commenting on the private sector\u2019s participation in financing and operating facilities to support growth of NTB, Mujawamariya said that this means introducing innovative financing methods to secure the necessary investment and removing subsidies that contribute to environmental degradation.<\/p>\n

For More News And Analysis About Rwanda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Rwanda. Investing in and preserving Nature Based Tourism (NTB) is crucial in driving Rwanda\u2019s economic growth as well as generating multi-sectoral benefits, according to the World Bank. cThis is highlighted in the Rwanda Economic Update report by the World Bank which is themed \u201cMaking Most of Nature Based Tourism in Rwanda,\u201d released on […]<\/p>\n","protected":false},"author":84,"featured_media":36230,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[760,763,758],"class_list":["post-36231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-rwanda","tag-rwanda"],"yoast_head":"\nNature-based tourism key in boosting Rwanda\u2019s economy \u2013 World Bank - Rwanda<\/title>\n<meta name=\"description\" content=\"Investing in and preserving Nature Based Tourism (NTB) is crucial in driving Rwanda\u2019s economic growth as well as generat ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/rwanda\/economy\/nature-based-tourism-key-in-boosting-rwandas-economy-world-bank\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nature-based tourism key in boosting Rwanda\u2019s economy \u2013 World Bank\" \/>\n<meta property=\"og:description\" content=\"Investing in and preserving Nature Based Tourism (NTB) is crucial in driving Rwanda\u2019s economic growth as well as generat ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/economy\/nature-based-tourism-key-in-boosting-rwandas-economy-world-bank\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-22T16:12:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-22T16:34:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2023\/02\/postQueueImg_1677069780.05.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"666\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/nature-based-tourism-key-in-boosting-rwandas-economy-world-bank#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/nature-based-tourism-key-in-boosting-rwandas-economy-world-bank\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nature-based tourism key in boosting Rwanda\u2019s economy \u2013 World Bank\",\"datePublished\":\"2023-02-22T16:12:37+00:00\",\"dateModified\":\"2023-02-22T16:34:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/nature-based-tourism-key-in-boosting-rwandas-economy-world-bank\"},\"wordCount\":446,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/nature-based-tourism-key-in-boosting-rwandas-economy-world-bank#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2023\/02\/postQueueImg_1677069780.05.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Rwanda\",\"Rwanda\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/economy\/nature-based-tourism-key-in-boosting-rwandas-economy-world-bank#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/nature-based-tourism-key-in-boosting-rwandas-economy-world-bank\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/nature-based-tourism-key-in-boosting-rwandas-economy-world-bank\",\"name\":\"Nature-based tourism key in boosting Rwanda\u2019s economy \u2013 World Bank - 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