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The de-risking of the reporter banking relationships are extremely important to the Caribbean since global financial banks have actually been vital not just to domestic economy but in its link to the global economy. Some services have actually already been choked off and there should be a method for us to discover an initiative that integrates the security objectives which we subscribe to, and also at the very same time, permit monetary intermediation such as trade financing, transfers of profits, financial obligation payments, et cetera, to continue. Finally, security. The little states of the Caribbean discover it really hard to contend with transnational criminal offense linked to narcotics trafficking, worldwide terrorism, cybersecurity, et cetera.

has actually done an outstanding job in supporting these countries, however I think there is room to do more in the interest of our shared security. Security these days can only be specified as worldwide and can only be reacted to by cooperation among nations. Fourthly, in the trade area there are some excellent legislation in place for trade. However, numerous of the Caribbean countries are now service oriented nations and we require to analyze possibilities for promoting mutual and helpful value chains which combine U.S. and Caribbean in services such as health care, education, and back office support. I believe by integrating the abilities on Capitol Hill with some of the personnels in the Caribbean, these firms can stay competitive both here and in the U.S - What are the two ways government can finance a budget deficit?.

The Caribbean nations are seaside societies. Infrastructure, financial activity, population, the building environment are all focused on a narrow strip on the coast, even for those countries which are not islands, for example, Belize and Guyana. It implies that they are amongst the most susceptible nations to climate modification. More resources need to be offered in a more available method to mitigate climate modification and to help these countries in making it through. And I point particularly to the traveler market which is seriously based on the quality of that instant seaside strip. Finally, energy (What do you need to finance a car). The Caribbean, bar the exceptions of Trinidad and Tobago, depend greatly on importation of energy.

Solar, wind, and thermal all have possibilities, and to move the production of wesley timeshare exit reviews electrical energy which is amongst the greatest cost worldwide onto energy in cheaper sources. That would serve to revive a whole series of financial activity, including production. How to find the finance charge. And I conclude, Mr. Chairman, by saying that all of these are interrelated elements that need to be attended to. If we might resolve them in one general effort led by the U.S. and involving the development of monetary institutions, I think that they reinforce each other and it is time for a brand-new strong initiative in U.S. policy towards the Caribbean.

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[The ready declaration of Mr. Bernal follows:] [GRAPHIC( S) NOT OFFERED IN TIFF FORMAT] ---------- Mr. Duncan. Well, thank you a lot 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 very much and I excuse 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 crucial hearing. And I do not think that we can talk about U.S.

Venezuela established Petrocaribe in 2005 to help affect lots of countries in the hemisphere and as much as this point the method has worked. Nevertheless, now we see the collapse of the Venezuelan economy because of the incompetence of the Maduro routine. So it offers the U.S. an opportunity to fill that void, and this is where we need the State Department and the Department of Energy to be exceptionally concentrated on this effort today because it is in our nationwide security interest to coordinate an energy solution; a technique so that fewer countries in the Western Hemisphere would be dependent on a very unreliable Venezuela.

And I believe that we have actually got to be working with our partners, our allies in the Caribbean to assist them make the most of the plentiful and cheap natural gas and the new innovative clean wind and solar technologies offered. In this manner we reinforce our partners' economies, we buffer the region from the impacts of Venezuelan collapse and take sensible steps towards decreasing carbon emissions. So the crisis in Venezuela might trigger an oil supply disturbance. What impact would such a disruption have on the Caribbean countries? Mr. Bernal. My colleagues are determined to ensure I bring a fair share of the load.

Thank you for that. The relationship with Venezuela is a long and complicated one. Venezuela started the Petrocaribe at a time when lots of Caribbean countries were really very stretched economically and truly needed some support. However, the relationship has its complexities. For instance, Venezuela claims an extremely large share of Guyana which is a member of the CARICOM group. It likewise has extended its claims in regards to seaside waters based on an island almost 400 miles away from Venezuela and mainland, so that the relationship is not all the Caribbean gaining from some monetary support. I think we are at a juncture where the relationship is going to become really unforeseeable because of no one knows precisely what will happen in the Caribbean with Venezuela.

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Numerous Caribbean nations are thinking beyond Petrocaribe due to the fact that they do not assume that it will continue in its present kind and they have to be considering options. This produces a point in which brand-new initiatives, including from the U.S - What does finance a car mean. in energy, would be extremely welcome in the area. 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, wesley group and great to see all of you who, you understand, we rely upon very much with your proficiency and due to the fact that the Caribbean is incredibly important, I think.

It is truly, you know when you look at our hemisphere and we have got to make sure that we enhance and working together. And I hear my colleagues in regards to especially Petrocaribe, but I believe that the concerns that are facing a lot of the islands-- and I observe, for example, Mr. Ambassador, you listed as number six in order of wesley law firm concern the energy crisis, et cetera, in attempting to make sure. So I wish to try to discover out as it refers to the islands themselves the things that are most pressing with them that would help them overall with their economy, due to the fact that I know, for example, you can't simply depend upon tourist or you can't just rely on, you understand, they have the diversity of it requires to be there.