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The de-risking of the reporter banking relationships are really important to the Caribbean due to the fact that global monetary banks have been crucial not just to domestic economy however in its link to the worldwide economy. Some services have actually currently been choked off and there need to be a method for us to discover an initiative that integrates the security goals which we subscribe to, and also at the exact same time, enable financial intermediation such as trade funding, transfers of earnings, financial obligation payments, et cetera, to continue. Third, security. The little states of the Caribbean discover it very tough to contend with multinational crime linked to narcotics trafficking, international terrorism, cybersecurity, et cetera.

has done an impressive job in supporting these countries, however I believe there is space to do more in the interest of our mutual security. Security these days can just be specified as worldwide and can only be responded to by cooperation among nations. Furthermore, in the trade area there are some good legislation in place for trade. However, much of the Caribbean nations are now service oriented countries and we need to take a look at possibilities for promoting shared and advantageous value chains which integrate U.S. and Caribbean in services such as health care, education, and back office support. I believe by integrating the abilities on Capitol Hill with a few of the personnels in the Caribbean, these companies can stay competitive both here and in the U.S - What does nav stand for in finance.

The Caribbean nations are seaside societies. Infrastructure, financial activity, population, the building environment are all focused cost of timeshare on a narrow strip on the coast, even for those nations which are not islands, for instance, Belize and Guyana. It means that they are among the most susceptible nations to environment change. More resources require to be offered in a more accessible way to alleviate environment change and to assist these nations in surviving. And I point particularly to the tourist industry which is critically based on the quality of that immediate seaside strip. Finally, energy (How to finance an investment property). The Caribbean, bar the exceptions of Trinidad and Tobago, depend greatly on importation of energy.

Solar, wind, and thermal all have possibilities, and to move the production of electrical energy which is among the greatest expense on the planet onto energy in cheaper sources. That would serve to restore a whole series of economic activity, including manufacturing. Which one of the following occupations best fits into the corporate area of finance?. And I conclude, Mr. Chairman, by stating that all of these are interrelated aspects that require to be addressed. If we might resolve them in one general initiative led by the U.S. and involving the development of financial institutions, I believe that they strengthen each other and it is time for a brand-new strong effort in U.S. policy towards the Caribbean.

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[The prepared statement of Mr. Bernal follows:] [GRAPHIC( S) NOT READILY AVAILABLE IN TIFF FORMAT] ---------- Mr. Duncan. Well, thank you a lot for making the effort to be here. Mr. Meeks has concurred we are going to skip over him and go to the previous chairman of the full committee, Ms. Ros- Lehtinen, for 5 minutes. Ms. Ros-Lehtinen. Thank you so quite and I ask forgiveness for coming late. And we have another hearing which I am chairing on Syria, however thank you, Chairman Duncan and Ranking Member Sires, for holding this important hearing. And I do not believe that we can go over U.S.

Venezuela established Petrocaribe in 2005 to help affect many countries in the hemisphere and approximately this point the technique has actually worked. However, now we see the collapse of the Venezuelan economy since of the incompetence of the Maduro routine. So it provides the U.S. an opportunity to fill that space, and this is where we need the State Department and the Department of Energy to be exceptionally focused on this effort right now since it remains in our national security interest to collaborate an energy service; a strategy so that fewer countries in the Western Hemisphere would be dependent on a very unreliable Venezuela.

And I believe that we have got to be dealing with our partners, our allies in the Caribbean to assist them benefit from the plentiful and inexpensive natural gas and the new advanced tidy wind and solar technologies readily available. In this manner we enhance our partners' economies, we buffer the region from the effects of Venezuelan collapse and take sensible actions toward reducing carbon emissions. So the crisis in Venezuela may trigger an oil supply disruption. What effect would such a disturbance have on the Caribbean countries? Mr. Bernal. My coworkers are identified to make sure I bring a fair share of the load.

Thank you for that. The relationship with Venezuela is a long and complex one. Venezuela started the Petrocaribe at a time when numerous Caribbean countries were really very stretched economically and actually needed some support. Nevertheless, the relationship has its intricacies. For instance, Venezuela claims a really big share of Guyana which belongs to the CARICOM group. It likewise has extended its claims in regards to coastal waters based https://sokodirectory.com/2017/07/high-gdp-annual-returns-key-supporters-growth-real-estate-sector/ upon an island practically 400 miles away from Venezuela and mainland, so that the relationship is not all the Caribbean gaining from some monetary assistance. I think we are at a juncture where the relationship is going to end up being very unforeseeable since of nobody knows precisely what will happen in the Caribbean with Venezuela.

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A number of Caribbean nations are thinking beyond Petrocaribe since they do not presume that it will continue in its present kind and they have to be believing of options. This produces a juncture in which new efforts, including from the U.S - What does ear stand for in finance. in energy, would be really welcome in the region. Ms. Ros-Lehtinen. Thank you very much, Mr. Chairman and Ranking Member Sires. Thank you. Mr. Duncan. Well, thank you. Thanks for requiring time to run down here. The Chair will now go to Mr. Meeks. Mr. Meeks. Thank you, Mr. Chairman. And thank you for being here, and excellent to see all of you who, you know, we trust extremely much with your knowledge and due to the fact that the Caribbean is extremely important, I think.

It is really, you know when you take a look at our hemisphere and we have actually got to make sure that we reinforce and working together. And I hear my colleagues in concerns to particularly Petrocaribe, however I believe that the concerns that are confronting a great deal of the islands-- and I discover, for example, Mr. Ambassador, you noted as number 6 in order of top priority the energy crisis, et cetera, in attempting to ensure. So I desire to look for out as it refers to the islands themselves the things that are most pressing with them that would assist them general with their economy, due to the fact that I understand, for example, you can't just rely on tourist or you can't just rely on, you understand, they have the diversity of it needs to be there.