In anticipation of that new bank’s creation, the government could encourage the OBNA to play that role and make risk capital available now. Alternatively, the government could make mezzanine financing fiscally attractive. Ladies and gentlemen, in addition to addressing the financial bottlenecks, attention should also be directed at other areas that can negatively impact the growth and development of the tourism industry.
One of these areas is the qualitative mismatch between labor supply and demand. The tourism industry is an important employer; therefore, it is vital to equip our youth with the necessary skill set to meet the requirements of this industry. If our youth lack these skills, they will continue to have trouble finding jobs in this growing industry.