And when the OAS under a very courageous secretary basic, Luis Almagro, tries to bring the organization toward acknowledging that Venezuela is no longer in compliance with the Inter-American Democratic Charter, he is not getting the complete assistance of the hemisphere, and certainly much of the Caribbean Basin has not gone along with that. And if you line up the votes, who voted in favor and who abstained, you can do a pretty simple one for one comparison based upon who belongs to Petrocaribe. And so the ramification of your concern I believe is spot on, you understand, which is why I believe when we speak about the Caribbean in Washington, frequently we believe about it in the context of, you know, island nations or programs or social advancement, and all of these are very, really important problems.
And the dividends settle down the road when Venezuela itself is in the spotlight of the worldwide neighborhood. Then they have good friends that they can count on and it pays dividends for them - How old of an rv can you 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 toward reversing that course. Ms. Yearwood. I concur 100 percent with Eric. Venezuela actioned in at a time that was very essential for much of the region and now the region is very much paying the price, whether it is in debt or other areas related to votes and other requirements that they do as a result of the-- Mr.
Increased costs in energy too now. Ms. Yearwood. Sorry? Mr. Sires. A boost in the expense of energy likewise. Ms. Yearwood. Oh, definitely, absolutely. And so I think to the point, we are at a crucial point now with the expense of energy being what it is with the U.S. energy supply increasing and the area taking a look at methods to increase cancelling wyndham timeshare contract sustainable energy, whether it is through gas or getting the region less reliant on Petrocaribe and able to make these switches to brand-new types of energy is going to make a substantial distinction. Mr. Sires. See, I do not believe things occur by mishap.
The other issue https://www.chamberofcommerce.com/united-states/tennessee/franklin/resorts-time-share/1340479993-wesley-financial-group that I have is the considerable boost of China in this area. You understand, we appear to be put to a lull of sleep or something due to the fact that everybody seems to relocate and after that we react. And we do not seem to catch these things up until something like this occurs, you understand, like Venezuela. So sadly, you understand, considering that I have been here we have actually been pushing-- and I know Mr. Meeks and the other members that are here, you understand, this is an important region for us. It is a crucial region for America and we truly need to focus.
They are going to go through the Panama Canal and they come in and they throw money, you know, at these small countries, which in reality they can't manage not to accept the cash. So just how much of impact exists now of the Chinese? And I understand it is growing, however-- Ms. Yearwood. The Chinese impact, it is really really interesting to view the method China has sort of entered into the area and the types of jobs. Sometimes it is a sports arena - How do you finance a car. I think the current, the Baha Mar ordeal in the Bahamas, you have seen the Chinese Federal government come in in a manner that the U.S.
If a Chinese designer comes into a nation in the region they have the Chinese financing and the Chinese Federal government behind them. Mr. Sires. And the employees. Ms. Yearwood. And the workers. And so you have actually efficiently got a bundle that the U.S - What is a note in finance. can not-- the Foreign Corrupt Practices Act and all sorts of other reasons, the U.S. can not contend in regards to the kinds of investment that they are able to take in without sort of needing to do the due diligence behind it. And it is extremely welcome in a lot of places, but what Baha Mar has actually revealed us is that it can create a very difficult scenario for the countries where they go.
Farnsworth. I think Sally raises a truly fascinating and crucial point in this context. What does nav stand for in finance. You know, the Chinese or Venezuelan model 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 develop Petrocaribe or we are going to construct a sports arena or we are going to declare that we are going to establish these jobs, whereas the U.S. design is personal sector-led model. And the detach here is that we are dealing with smaller sized economies, island countries, and in contrast of other financial investment chances in other countries in Latin America, much less around the world, these are economies that typically aren't going to draw that big investment except in a couple sectors like tourist like we have actually been speaking about. What the onus has to be is to discover methods to clear and establish a smooth financial space 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 ending up being a a lot more complex area due to the fact that https://www.globalbankingandfinance.com/category/news/record-numbers-of-consumers-continue-to-ask-wesley-financial-group-to-assist-in-timeshare-debt-relief/ of the modifications in policy toward Cuba, the cross-cutting trade contracts such as CAFTA, et cetera, and we have to consider the Caribbean now in a wider sense. In regard to Haiti, I think very crucial is its ongoing combination with the English-speaking Caribbean, since these are well established democracies and it is an economic area which holds opportunities for Haiti and there is now rather a great deal of Caribbean financial investment entering into Haiti and vice versa.