CDB funding new tourism initiative in the Caribbean
CDB funding new tourism initiative in the Caribbean The Barbados-based Caribbean Development Bank (CDB) says it is collaborating with the Caribbean Tourism Organisation (CTO) in a new initiative to modernise tourism education and workforce development across the Caribbean. The region’s premier financial institution said that the project is also aimed at strengthening the Caribbean’s competitiveness in an industry vital to its economic stability. The Tourism Human Capital Development Project, funded through CDB’s Caribbean Technological Consultancy Services (CTCS) Network, will allocate about US$400,000 to update training materials, develop workforce management tools and deliver professional development programmes. Titled “Enhancing the Knowledge and Skills of Tourism Workers in the Caribbean Region”, the project aims to bolster the sustainability of the tourism industry, particularly for micro, small and medium-sized enterprises (MSMEs). The CDB said that by modernising educational resources, the initiative will enhance tourism curricula, improve workplace management and expand training opportunities for employers, workers [...]