Bernal. I will take the first shot on this one because I simply completed a week ago, 8 years on the board of directors of the Inter-American Development Bank. I can assure you that the Inter-American Development Bank in specific has been very active and has actually supplied considerable support across a range of sectors (How to finance an engagement ring). I believe that our huge bro, the World Bank, has contributed, but I would venture to recommend that there is scope for far more resources to be put into the region. The issue here is that the Caribbean is classified as middle income, established nations and are therefore excluded from specific concessional facilities and are not always viewed as a concern when it comes to poverty relief.
In some cases it is one sector, tourist, and therefore while they are middle earnings they are vulnerable and require ongoing assistance. The U.S., I believe, has a critical function in advising the development organizations to continue to play a role in the Caribbean. Mr. Farnsworth. Simply a quick coda to that too. We have actually talked a little bit about the debt overhang that impacts the Caribbean and so there is a prospective future function, perhaps not too far in the future, in regards to the worldwide banks perhaps the IMF too to really help work through a few of those debt problems in a meaningful and long lasting method.
Mr. Duncan. We have time for a few more questions. I believed it was going to be simply the ranking member and myself. I am thankful we had such active involvement. I am grateful you appeared. Brazil is concerned about tourism with regard to the Olympics. And tourism being such a big part of the Caribbean countries' economy and a big part of the U.S. tourism headed there-- Zika. It has got to be on their minds. I think I am concerned about how much U.S. support will make it to the Caribbean nations and whether Zika is even a concern on the island nations themselves can you foreclose on a timeshare and what impact that might have on tourist, or expected results.
Eric? Mr. Farnsworth. It is quite on the minds of the hemisphere community. You referenced Brazil and I believe that is absolutely right. Although, in Brazil today it is the winter season and the mosquito population in the winter tends to decrease, therefore at least we speak with the Olympic organizers that Zika will not be as much of a problem during this present time of the Olympics, et cetera. However appearance, Zika is a concern across the region and indeed here in the United States too. As I describe in my prepared comments, it seems to me that this could be an easy win for the United States if we want to put it in those terms.
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All of us have a very genuine incentive to get rid of it as fast and as quickly and as adequately as possible. So there is a great deal of good research study going on in the United States and other locations. As soon as the vaccine or the ideal technique to address Zika comes forward, why not, working with the Caribbean partners and others in the hemisphere have a very considerable public health initiative that impacts individuals where they live? I indicate, this is the kind of thing, these are the kinds of lessons we are discovering that are extremely effective from other countries when they do it whether it is Venezuela, whether it is China, whether it is other nations since this is what people require.
Ms. Yearwood (How to finance a house flip). The Caribbean Hotel & Tourism Association, the Caribbean Tourist Company, the Caribbean Public Health Agency, and the Pan American Health Company are all totally associated with trying to handle the Zika crisis not just at the global level but likewise at the tourism level. People recognize Zika as a singular concern that might affect the economy of the entire region therefore they are really cognizant and pursuing attempting to consist of the dangers and dealing with the vector management, et cetera. I believe to Eric's point, the capability of those companies to have greater participation by the U.S.
Mr. Bernal. Mr. Chairman, if you will permit me. Zika is a problem in itself, but it raises a much broader concern which is hemispheric and worldwide pandemics. There are a lot of people moving the area from the U.S., Canada, from the Caribbean-- several million a year-- that it is an interest of typical and mutual importance that we try to fight these pandemics. Early intervention is important. The moment-- we require to have a fast-acting response to the possibility of pandemics. We know, for instance, that way back in the '60s when there was an outbreak of polio in Jamaica that for a fairly percentage of expenditure on preventive measures, vaccines, we might have avoided a major human tragedy.
It remains in our mutual interest. What are the two ways government can finance a budget deficit?. These are concerns which are not national and even regional. They are worldwide, and the only method to tackle them is by efficient cooperation. In passing, let me say that the debt scenario is such that it is starting to constrain the federal governments and their ability to do health and education which has long term unfavorable effects for development. If we might deal with the debt, and possibly among the areas to look at is to generate foundations and development representatives to look at debt-for-health swaps in which a few of the debt can be alleviated and that money be taken into preventive health care.
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Duncan. Thank you for that. I would be remiss if I didn't point out Haiti and Dominican Republic, and ask-- I will let you ask the question if you would like. Mr. Meeks. I would be remiss if I didn't inquire about Haiti and the Dominican Republic. Mr. Duncan. So migration, economy, circumstance in Haiti with the federal government, if you all simply wish to touch on that. Ms. Yearwood. That is opening a rabbit hole, however there are a great deal of possible ways to address this question. Haiti http://stephenysks621.yousher.com/which-of-the-following-approaches-is-most-suitable-for-auditing-the-finance-and-investment-cycle-for-beginners remains in a particularly fascinating circumstance. As I mentioned I was there for 13 years.
And whether it is with the Parliament or the government, criminal offense is on the rise. Budget plan smart, we understand the U.S. and European Union are not going to be offering cash towards elections. Last I heard, there was no money in the Haitian spending plan for elections, so somehow they need to find 55 million to get to a set of elections that nobody is specific, you understand, if it can happen and if chuck mcdowell it will take place since of the deadlock on the ground there. How to finance a private car sale. Why are you interested in finance. That naturally has consequences on the DR-Haiti migration concern. If Haiti continues to slide downhill, it is going to be tough pressed for anyone to be able to stop the flight of migrants either to the Dominican Republic, the Bahamas, Turks and Caicos, Jamaica, and naturally Florida and the United States.