And when the OAS under a really bold secretary general, Luis Almagro, attempts to bring the organization toward recognizing that Venezuela is no longer in compliance with the Inter-American Democratic Charter, he is not getting the complete assistance of the hemisphere, and certainly much of the Caribbean Basin has actually not supported that. And if you line up the votes, who voted in favor and who abstained, you can do a pretty easy one for one contrast based upon who belongs to Petrocaribe. And so the implication of your question I think is spot on, you know, which is why I believe when we discuss the Caribbean in Washington, usually we think about it in the context of, you understand, island nations or programs or social advancement, and all of these are extremely, really crucial concerns. And the dividends pay off down the road when Venezuela itself is in the spotlight of the international how much does it cost to cancel a timeshare community. https://www.inhersight.com/companies/best/industry/financial-services Then they have pals that they can depend on and it pays dividends for them - How to finance a house flip. So I think that at the end of the day that is a lesson honestly that we can learn, and I think we can construct towards reversing that course. Ms. Yearwood. I agree 100 percent with Eric. Venezuela stepped in at a time that was really essential for much of the region and now the region is quite paying the rate, whether it is in debt or other areas related to votes and other requirements that they do as an outcome of the-- Mr. Increased expenses in energy too now. Ms. Yearwood. Sorry? Mr. Sires. A boost in the cost of energy also. Ms. Yearwood. Oh, absolutely, definitely. And so I think to the point, we are at a crucial point now with the expense of energy being what it is with the U.S. energy supply increasing and the area taking a look at ways to increase sustainable energy, whether it is through gas or getting the region less reliant on Petrocaribe and able to make these switches to new kinds of energy is going to make a substantial distinction. Mr. Sires. See, I do not believe things happen by mishap. The other issue that I have is the significant boost of China in this region. You know, we seem to be put to a lull of sleep or something since everybody appears to move in and after that we react. And we do not appear to capture these things until something like this occurs, you know, like Venezuela. So sadly, you understand, given that I have been here we have been pushing-- and I understand Mr. Meeks and the other members that are here, you know, this is an essential area for us. It is an important area for America and we truly ought to focus. They are going to go through the Panama Canal and they are available in and they toss money, you understand, at these little nations, which in reality they can't can you sell your timeshare back to the resort afford not to accept the cash. So just how much of impact is there now of the Chinese? And I know it is growing, but-- Ms. Yearwood. The Chinese impact, it is really really interesting to watch the method China has kind of entered the area and the types of tasks. In some cases it is a sports arena - What was the reconstruction finance corporation. I believe the current, the Baha Mar ordeal in the Bahamas, you have seen the Chinese Government can be found in in a way that the U.S. If a Chinese designer comes into a country in the region they have the Chinese funding and the Chinese Federal government behind them. Mr. Sires. And the workers. Ms. Yearwood. And the workers. Therefore you have efficiently got a bundle that the U.S - How to finance a private car sale. can not-- the Foreign Corrupt Practices Act and all sorts of other reasons, the U.S. can not compete in regards to the types of financial investment that they are able to take in without kind of having to do the due diligence behind it. And it is really welcome in a great deal of locations, however what Baha Mar has revealed us is that it can create a very tight spot for the countries where they go. Farnsworth. I believe Sally raises an actually intriguing and important point in this context. What happened to household finance corporation. You understand, the Chinese or Venezuelan model is a state-led design, so the capital of the country, the leaders in the country can say this is what we are going to do. We are going to create Petrocaribe or we are going to build a sports stadium or we are going to declare that we are going to establish these projects, whereas the U.S. design is private sector-led model. And the detach here is that we are handling smaller sized economies, island countries, and in comparison of other investment opportunities in other countries in Latin America, much less worldwide, these are economies that generally aren't going to draw that large financial investment except in a couple sectors like tourist like we have been discussing. What the onus needs to be is to find ways to clear and develop a smooth economic area in between the U.S. and the Caribbean so that economic sector capital can work. There are opportunities. Lastly, I would state that the Caribbean is ending up being a far more complicated area because of the changes in policy towards Cuba, the cross-cutting trade agreements such as CAFTA, et cetera, and we need to consider the Caribbean now in a larger sense. In regard to Haiti, I believe extremely important is its ongoing combination with the English-speaking Caribbean, due to the fact that these are well established democracies and it is an economic location which holds chances for Haiti and there is now rather a lot of Caribbean financial investment going into Haiti and vice versa.
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