This paper presents an overview of areas in which DMOs can respond to the changing world and proposes six ESG market readiness factors as well as a framework to help formulate DMO strategy in the area of ESG investing. The paper also concludes that in less developed markets, given weak institutional arrangements, it is often better to concentrate development efforts on the local capital market as this will ultimately support a more sustainable economy in the long run.
The report on “Towards Ecosystem Accounting in Uganda” describes the results of the first iteration for experimental ecosystem accounts in Uganda. It indicates how information in ecosystem accounts could be used to support policy making and ecosystem management.
WAVES supported the Ministry of Tourism, Wildlife, and Antiquities (MTWA) to institute a Statistical and Economic Analysis of Uganda’s Tourism Expenditure and Motivation Survey to support government policies aimed at increasing tourism benefits, this analysis is based upon an exit survey of visitors to Uganda in the 2019 high season for tourism.
Wealth Accounting and the Valuation of Ecosystem Services (WAVES) is a World Bank-led global partnership that aims to promote sustainable development by ensuring that natural resources are mainstreamed in development planning and national economic accounts.