Sustainable Destination Management
Strategies in the OIC Member Countries
41
Figure 9: Survey Findings - Level of Engagement
Source: DinarStandard
Funding Sustainable Tourism
1.2.2. Funding Sources
In recognition of the importance of sustainable tourism, both public and private sector entities
have committed funds to conservation and sustainability efforts. Most destinations have sought
to diversify their funding sources with the use of innovative financing strategies because of tight
public budgets. Green financing has expanded recently in the tourism sector with the growing
interest in sustainable tourism. There are a number of initiatives and funds on national, regional,
and international levels. These provide financing for tourismbusinesses interested in taking into
account environmental and social issues in all of their operations.133
Funding sources for sustainable tourism can be classified as being of domestic or foreign origin.
Domestic sources include public and private sources. Public sources including national and local
governmental bodies and public financial institutions while private sources include private
financial institutions and domestic conservation organizations whose funding comes from
private sources such as individuals, companies or foundations. Foreign sources of funding
include bilateral investors, regional and international financial institutions and development
organizations.134 It is important to note that while domestic and regional financial institutions
133 OECD. (2018). OECD Tourism Trends and Policies 2018 . Paris: OECD Publishing.
134 USAID. (2011). Tourism investment and finance: Accessing sustainable funding and social impact capital. Retrieved from