And when the OAS under a really brave secretary basic, 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 assistance of the hemisphere, and undoubtedly much of the Caribbean Basin has not supported that. And if you line up the votes, who voted in favor and who abstained, you can do a quite simple one for one contrast based on who is a member of Petrocaribe. And so the implication of your concern I think is spot on, you know, and that is why I think when we speak about the Caribbean in Washington, frequently we think of it in the context of, you understand, island countries or programs or social advancement, and all of these are extremely, very essential issues.
And the dividends settle down the road when Venezuela itself remains in the spotlight of the global neighborhood. Then they have pals that they can depend on and it pays dividends for them - What is a consumer finance company. 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 develop towards reversing that course. Ms. Yearwood. I agree one hundred percent with Eric. Venezuela actioned in at a time that was very essential for much of the area and now the area is really much paying the price, whether it is in debt or other locations associated with votes and other requirements https://www.inhersight.com/companies/best/reviews/salary?_n=112289587 that they do as a result of the-- Mr.
Increased expenses in energy too now. Ms. Yearwood. Sorry? Mr. Sires. A boost in the expense of energy also. Ms. Yearwood. Oh, definitely, definitely. And so I believe to the point, we are at an important point now with the cost of energy being what it is with the U.S. energy supply increasing and the area looking at ways to increase sustainable energy, whether it is through gas or getting the region less reliant on Petrocaribe and able to make these switches to brand-new kinds of energy is going to make a big distinction. Mr. Sires. See, I do not believe things take place by mishap.
The other issue that I have is the considerable boost of China in this area. You understand, we seem to be put to a lull of sleep or something due to the fact that everybody seems to move in and after that we react. And we don't seem to catch these things till something like this takes place, you know, like Venezuela. So regrettably, you understand, since I have been here we have actually been pushing-- and I understand Mr. Meeks and the other members that are here, you know, this is an essential area for us. It is an important area for America and we truly need to focus.
They are going to go through the Panama Canal and they come in and they throw cash, you understand, at these little nations, which in reality they can't afford not to accept the cash. So how much of influence exists now of the Chinese? And I understand it is growing, but-- Ms. Yearwood. The Chinese influence, it is really really fascinating to enjoy the way China has actually type of entered into the area and the kinds of jobs. Often it is a sports arena - What does finance a car mean. I believe the current, the Baha Mar debacle in the Bahamas, you have seen the Chinese Government been available in in a way that the U.S.
If a Chinese designer enters a nation in the region they have the Chinese financing and the Chinese Government behind them. Mr. Sires. And the staff members. Ms. Yearwood. And the employees. Therefore you have efficiently got a plan that the U.S - How long can i finance a used car. can not-- the Foreign Corrupt Practices Act and all sorts of other reasons, the U.S. can not compete in regards to the types of financial investment that they are able to take in without sort of having to do the due diligence behind it. Website link And good timeshare companies it is very welcome in a great deal of places, but what Baha Mar has actually revealed us is that it can create a really hard situation for the countries where they go.
Farnsworth. I believe Sally raises an actually interesting and essential point in this context. How to find the finance charge. You know, the Chinese or Venezuelan design is a state-led design, so the capital of the nation, the leaders in the country can state this is what we are going to do. We are going to produce Petrocaribe or we are going to build a sports arena or we are going to state that we are going to establish these tasks, whereas the U.S. design is private sector-led model. And the detach here is that we are handling smaller economies, island nations, and in contrast of other investment chances in other nations in Latin America, much less worldwide, these are economies that usually aren't going to draw that large investment except in a couple sectors like tourist like we have been talking about. What the onus needs to be is to discover ways to clear and establish a seamless financial space between the U.S. and the Caribbean so that economic sector capital can work. There are chances. Lastly, I would state that the Caribbean is becoming a much more complex area due to the fact that of the modifications in policy toward Cuba, the cross-cutting trade agreements such as CAFTA, et cetera, and we have to consider the Caribbean now in a larger sense. In regard to Haiti, I think very important 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 investment going into Haiti and vice versa.