Internationally, there are ample resources to assist national, provincial, and local governments in establishing regulatory policies for the protection of historic resources – the “sticks” of heritage conservation. Much less is available to assist the public sector in creating and implementing incentives to encourage the private investment in the historic built environment – the “carrots” of heritage conservation. This fifth component of services will aid officials to first define the economic investment and regulatory barriers currently in place that may discourage private sector investment and then create strategies and incentives to overcome those barriers while maintaining the essential character of the heritage resources.
In Bahrain, on behalf of UNDP and the Ministry of Municipalities, HSI assisted in policy development and devised economic strategies and incentives for the protection and reinvestment in heritage buildings.
In Azerbaijan, on behalf of the Azerbaijan Ministry of Culture and Tourism, HSI served as the economic specialist in preparing an analysis and report on Institutional Strengthening for Cultural Heritage Management. The project was funded by the World Bank.