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The de-risking of the reporter banking relationships are very crucial to the Caribbean since international monetary banks have actually been critical not just to domestic economy but in its link to the international economy. Some services have actually currently been choked off and there should be a way for us to discover an effort that integrates the security goals which we subscribe to, and also at the very same time, permit monetary intermediation such as trade funding, transfers of revenues, debt payments, et cetera, to continue. Thirdly, security. The small states of the Caribbean discover it extremely challenging to contend with multinational criminal activity connected to narcotics trafficking, worldwide terrorism, cybersecurity, et cetera.

has done an outstanding job in supporting these nations, however I think there is room to do more in the interest of our shared security. Security nowadays can just be specified as global and can only be reacted to by cooperation amongst countries. Furthermore, in the trade area there are some good legislation in place for trade. However, a lot of the Caribbean nations are now service oriented nations and we need to take a look at possibilities for promoting mutual and advantageous worth chains which integrate U.S. and Caribbean in services such as health care, education, and back office assistance. I think by integrating the skills on Capitol Hill with a few of the personnels in the Caribbean, these firms can remain competitive both here and in the U.S - How to finance a second home.

The Caribbean nations are seaside societies. Infrastructure, financial activity, population, the structure environment are all focused on a narrow strip on the coast, even for those nations which are not islands, for instance, Belize and Guyana. It suggests that they are amongst the most vulnerable countries to environment modification. More resources need to be made readily available in a more available method to reduce environment change and to help these countries in surviving. And I point particularly to the traveler market which is seriously depending on the quality of that immediate coastal strip. Finally, energy (How to owner finance a home). The Caribbean, bar the exceptions of Trinidad and Tobago, depend greatly on importation of energy.

Solar, wind, and thermal all have possibilities, and to shift the production of electrical energy which is among the greatest cost worldwide onto energy in more economical sources. That would serve to restore an entire variety of financial activity, including production. What is the difference between accounting and finance. And I conclude, Mr. Chairman, by saying that all of these are interrelated elements that require to be attended to. If we might resolve them in one total effort led by the U.S. and including the advancement of financial organizations, I believe that they strengthen each other and it is time for a new vibrant effort in U.S. policy toward 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 so much for making the effort to be here. Mr. Meeks has concurred we are going to avoid over him and go to the previous chairman of the complete committee, Ms. Ros- Lehtinen, for 5 minutes. Ms. Ros-Lehtinen. Thank you so quite and I apologize 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 think that we can discuss U.S.

Venezuela established Petrocaribe in 2005 to assist affect numerous nations in the hemisphere and as much as this point the strategy has actually worked. Nevertheless, now we see the collapse of the Venezuelan economy since of the incompetence of the Maduro program. So it offers the U.S. an opportunity to fill that space, and this is where we need the State Department and the Department of wesley timeshare exit reviews Energy to be very concentrated on this effort right now due to the fact that it remains in our nationwide security interest to collaborate an energy option; a method so that fewer countries in the Western Hemisphere would be dependent on an extremely undependable Venezuela.

And I believe that we have got to be working with our partners, our allies in the Caribbean to assist them make the most of the abundant and low-cost natural gas and the new advanced tidy wind and solar technologies available. In this manner we strengthen our partners' economies, we buffer the region from the effects of Venezuelan collapse and take sensible steps toward reducing carbon emissions. So the crisis in Venezuela may trigger an oil supply disruption. What effect would such a disruption have on the Caribbean nations? Mr. Bernal. My coworkers are determined to make sure I carry a fair share of the load.

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Thank you for that. The relationship with Venezuela is a long and complex one. Venezuela initiated the Petrocaribe at a time when lots of Caribbean countries were truly very stretched financially and actually needed some help. Nevertheless, the relationship has its intricacies. For instance, Venezuela claims an extremely big share of Guyana which is a member of the CARICOM group. It likewise has actually extended its claims in regards to coastal waters based upon an island almost 400 miles far from Venezuela and mainland, so that the relationship is not all the Caribbean benefiting from some financial assistance. I think we are at a point where the relationship is going to end up being really unpredictable because of nobody understands precisely what will occur in the Caribbean with Venezuela.

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Several Caribbean countries are thinking beyond Petrocaribe because they do not assume that it will continue in its present type and they need to be thinking of options. This creates a point in which new efforts, consisting of from the U.S - How to finance an engagement ring. in energy, would be really welcome in the region. Ms. Ros-Lehtinen. Thank you quite, Mr. Chairman and Ranking Member Sires. Thank you. Mr. Duncan. Well, thank you. Thanks for taking 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 good to see all of you who, you know, we rely upon really much with your know-how and because the https://timebusinessnews.com/you-can-cancel-a-timeshare-permanently/ Caribbean is incredibly important, I believe.

It is really, you know when you look at our hemisphere and we have actually got to make sure that we reinforce and collaborating. And I hear my coworkers in regards to particularly Petrocaribe, but I believe that the problems that are confronting a lot of the islands-- and I see, for example, Mr. Ambassador, you noted as number 6 in order of priority the energy crisis, et cetera, in trying to ensure. So I wish to search for out as it refers to the islands themselves the important things that are most pushing with them that would help them overall with their economy, because I know, for example, you can't simply rely on tourism or you can't simply rely on, you understand, they have the diversification of it requires to be there.