The financial management is concerned with the effective capture of resources both in the short and long term. In order to operate, ecotourism projects need financial resources. For example:
- investment in infrastructure and equipment.
- Training.
- Dissemination.
- Promotion.
- Processing of permits (ecotourism needs necessary permits for each of the projects to be able to operate).
Financial management is concerned with the problem of financing. This is due to it is a key factor for ecotourism projects to be carried out. Most of the projects do not have their own capital to carry out their operations and cover each of their needs. Primarily, the person in charge of financial management should carry out an analysis to determine the financing needs of the communities, as well as the needs of the communities themselves.
The needs will depend on the type of ecotourism activity we are talking about. The main types of support that are sought are for the acquisition of machinery and equipment. These are ssential to be able to operate ecotourism activities. The search for training in topics such as environmental education, and natural resource management.
Environmental education, natural resource management, and any other topic necessary to carry out community actions to strengthen the communities.
Ecotourism is also seeking support for the dissemination and promotion of the project, as well as the processing of the main permits and the legal constitution of the communities. The person in charge of financial management will have to be attentive to each of the calls for proposals they receive. This is in order to be able to know if the ecotourism project they receive are within the guidelines of operation.
In addition, financial management also seeks to link the rural sector with the main organizations that support ecotourism projects. This will allow them to generate added value to the projects.
It is essential for the financial manager to be familiar with the forms of financing available in different countries for the development of ecotourism projects. different countries have for the development of ecotourism projects. Each Each of these institutions has its own characteristics. The managers must know them in order to carry out an efficient process of seeking financing. Thus, they have to make sure that the goals that are sought can be achieved.
The major financial benefits of ecotourism in peripheral countries are:
A) the environmental movements in those countries.
B) local communities in those countries.
C) businesses and companies in the central countries.
D) the governments of peripheral countries.
