And when the OAS under a really bold secretary general, Luis Almagro, attempts to bring the institution toward acknowledging that Venezuela is no longer in compliance with the Inter-American Democratic Charter, he is not getting the complete support of the hemisphere, and certainly much of the Caribbean Basin has not gone along with that. And if you line up the votes, who enacted favor and who abstained, you can do a quite simple one for one contrast based on who belongs to Petrocaribe. And so the ramification of your concern I believe is area on, you know, and that is why I think when we talk about the Caribbean in Washington, oftentimes we consider it in the context of, you know, island nations or programs or social advancement, and all of these are really, very crucial problems.
And the dividends settle down the roadway when Venezuela itself is in the spotlight of the global community. Then they have friends that they can rely on and it pays dividends for them - What is a swap in finance. So I think that at the end of the day that is a lesson frankly that we can find out, and I think we can build towards reversing that course. Ms. Yearwood. I agree 100 percent with Eric. Venezuela stepped in at a time that was very important for much of the region and now the region is quite paying the rate, whether it owes money or other locations related 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, absolutely, absolutely. Therefore I believe to the point, we are at an important juncture now with the expense of energy being what it is with the U.S. energy supply going up and the region looking at ways to increase sustainable energy, whether it is through natural gas or getting the area less depending on Petrocaribe and able to make these switches to brand-new kinds of energy is going to make a big difference. Mr. Sires. See, I do not think things take place by mishap.
The other issue that I have is the significant boost of China in this region. You know, we appear to be put to a lull of sleep or https://www.inhersight.com/companies/best?_n=112289281 something because everyone seems to move in and after that we respond. And we don't seem to catch these things till something like this takes place, you understand, like Venezuela. So regrettably, you know, considering that I have actually been here we have actually been pressing-- and I know Mr. Meeks and the other members that are here, you know, this is an essential region for us. It is a crucial region for America and we really need to focus.
They are going to go through the Panama Canal and they can be found in and they toss cash, you know, at these small nations, which in reality they can't manage not to accept the cash. So just how much of impact is there now of the Chinese? And I know it is growing, however-- Ms. Yearwood. The Chinese influence, it is in fact extremely interesting to view the method China has sort of entered the area and the types of tasks. In some cases it is a sports arena - The trend in campaign finance law over time has been toward which the following?. I think the recent, the Baha Mar fiasco in the Bahamas, you have actually seen the Chinese Federal government can be found in in such a way that the U.S.
If a Chinese developer enters into a country in the region they have the Chinese funding and the Chinese Federal timeshare freedom group government behind them. Mr. Sires. And the workers. Ms. Yearwood. And the employees. Therefore you have actually successfully got a plan that the U.S - Which of these is the best description of personal finance. can not-- the Foreign Corrupt Practices Act and all sorts of other factors, the U.S. can not contend in regards to the kinds of financial investment that they are able to take in without type of needing to do the due diligence behind it. And it is extremely welcome in a great deal of locations, but what Baha Mar has actually shown us is that it can produce a very tight spot for the countries where they go.
Farnsworth. I believe Sally raises a really fascinating and crucial point in this context. How long can you finance a used car. You understand, the Chinese or Venezuelan design is a state-led design, so the capital of the country, the leaders in the nation can say this is what we are going to do. We are going to create Petrocaribe or we https://www.bbb.org/us/tn/franklin/profile/timeshare-advocates/wesley-financial-group-llc-0573-37070239 are going to construct a sports stadium or we are going to state that we are going to establish these projects, whereas the U.S. design is personal sector-led design. And the detach here is that we are dealing with smaller economies, island nations, and in comparison of other investment opportunities in other nations in Latin America, much less worldwide, these are economies that generally aren't going to draw that big investment other than in a couple sectors like tourism like we have actually been speaking about. What the onus has to be is to discover methods to clear and develop a seamless economic area in between the U.S. and the Caribbean so that economic sector capital can work. There are chances. Last but not least, I would state that the Caribbean is becoming a a lot more complex area since of the modifications in policy towards Cuba, the cross-cutting trade contracts such as CAFTA, et cetera, and we need to consider the Caribbean now in a wider sense. In regard to Haiti, I believe really crucial is its continued combination with the English-speaking Caribbean, due to the fact that these are well established democracies and it is a financial area which holds chances for Haiti and there is now quite a lot of Caribbean financial investment entering into Haiti and vice versa.
