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And when the OAS under a really brave 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 full support of the hemisphere, and undoubtedly much of the Caribbean Basin has actually not accompanied that. And if you line up the votes, who voted in favor and who stayed away, you can do a quite easy one for one comparison based on who is a member of Petrocaribe. And so the implication of your question I think is area on, you know, which is why I think when we talk about the Caribbean in Washington, usually we think of it in the context of, you understand, island nations or programs or social advancement, and all of these are extremely, really essential issues.

And the dividends pay off down the roadway when Venezuela itself remains in the spotlight of the international community. Then they have pals that they can rely on and it pays dividends for them - How to finance a franchise with no money. So I think that at the end of the day that is a lesson frankly that we can learn, and I believe we can develop toward reversing that course. Ms. Yearwood. I concur 100 percent with Eric. Venezuela stepped in at a time that was extremely important for much of the area and now the region is quite paying the price, whether it owes money or other areas connected to votes and other requirements that they do as a result of the-- Mr.

Increased expenses in energy too now. Ms. Yearwood. Sorry? Mr. Sires. An increase in the expense of energy likewise. Ms. Yearwood. Oh, definitely, absolutely. Therefore I believe to the point, we are at an important 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 methods to increase sustainable energy, whether it is through gas or getting the region less depending on Petrocaribe and able to make these switches to new types of energy is going to make a huge distinction. Mr. Sires. See, I don't believe things happen by mishap.

The other concern that https://www.facebook.com/ChuckMcDowellCEO/ I have is the considerable boost of China in this area. You know, we seem to be put to a lull of sleep or something since everybody appears to move in and after that we respond. And we do not seem to catch these things up until something timeshare exit company like this occurs, you understand, like Venezuela. So sadly, you understand, since I have been here we have actually been pushing-- and I know Mr. Meeks and the other members that are here, you understand, this is an essential region for us. It is a crucial area for America and we truly need to concentrate.

They are going to go through the Panama Canal and they can be found in and they throw cash, you know, at these small countries, which in reality they can't afford not to accept the cash. So just how much of impact exists now of the Chinese? And I know it is growing, however-- Ms. Yearwood. The Chinese influence, it is really extremely interesting to view the way China has actually type of entered the region and the types of jobs. Often it is a sports stadium - What jobs can i get with a finance degree. I believe the current, the Baha Mar fiasco in the Bahamas, you have actually seen the Chinese Federal government been available in in a manner that the U.S.

If a Chinese developer comes into a country in the region they have the Chinese funding and the Chinese Government behind them. Mr. Sires. And the staff members. Ms. Yearwood. And the workers. Therefore you have actually efficiently got a package that the U.S - How to finance an engagement ring. can not-- the Foreign Corrupt Practices Act and all sorts of other reasons, the U.S. can not contend in regards to the types of financial investment that they have the ability to take in without kind of needing to do the due diligence behind it. And it is very welcome in a lot of locations, but what Baha Mar has shown us is that it can develop a really tight spot for the countries where they go.

Farnsworth. I think Sally raises an actually interesting and important point in this context. What does nav stand for in finance. You know, the Chinese or Venezuelan model is a state-led model, so the capital of the country, the leaders in the country can state this is what we are going to do. We are going to develop Petrocaribe or we are going to develop a sports stadium or we are going to declare that we are going to develop these jobs, whereas the U.S. model is personal sector-led model. And the detach here is that we are dealing with smaller sized economies, island countries, and in contrast of other investment opportunities in other nations in Latin America, much less worldwide, these are economies that usually aren't going to draw that big financial investment other than in a couple sectors like tourism like we have been discussing. What the onus needs to be is to discover methods to clear and develop a smooth financial area between the U.S. and the Caribbean so that private sector capital https://www.businesswire.com/news/home/20200115005652/en/Wesley-Financial-Group-Founder-Issues-New-Year%E2%80%99s can work. There are chances. Last but not least, I would state that the Caribbean is ending up being a a lot more intricate area since 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 wider sense. In regard to Haiti, I think really essential is its continued integration with the English-speaking Caribbean, because these are well developed democracies and it is an economic area which holds chances for Haiti and there is now rather a great deal of Caribbean financial investment going into Haiti and vice versa.