SEGURA Consulting assisted the Inter American Development Bank and the Ministry of Tourism of Honduras in the design and implementation of a sustainable financing mechanism for the Honduras Bay Islands Environmental Management Program (PMAIB) and the small business promotion objectives of the Executive Commission for Sustainable Tourism (CETS).
SEGURA's actions included:
- Analyzing the feasibility of financing mechanism (environmental surcharge) and identifying alternative specific application forms of this mechanism, including an analysis of incremental entrance fees over time.
- Clarified the legal framework for the surcharge and legal implications related to the alternative application forms and recommended a preferred approach.
- Conducted an in-depth financial analysis of the recommended application form of sustainable financing mechanism, based on the objectives and long-term functions of the PMAIB and CETS, projected revenues and costs, and legal and operational considerations.
- Conducted an iterative information, consultation, and socialization process with the Executive Commission for Sustainable Tourism (CETS) in order to reach an agreement on the preferred application form of the financing mechanism, including procedures for future amendments to the surcharge; and
- Advised PMAIB in the implementation process, including producing drafts of the required legal documents, designing the bidding process for the collection and transfer of the surcharge, and preparing a detailed 2-year business plan.