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[Nicholls Allie]

The de-risking of the correspondent banking relationships are extremely essential to the Caribbean due to the fact that international monetary banks have actually been important not only to domestic economy however in its link to the international economy. Some services have currently been choked off and there must be a method for us to find an effort that integrates the security objectives which we register for, and likewise at the very same time, allow monetary intermediation such as trade funding, wesley financial group careers transfers of earnings, debt payments, et cetera, to continue. Finally, security. The small states of the Caribbean discover it extremely hard to contend with transnational criminal offense linked to narcotics trafficking, international terrorism, cybersecurity, et cetera.

has done an outstanding task in supporting these nations, however I think there is room to do more in the interest of our shared security. Security these days can only be defined as global and can only be reacted to by cooperation amongst nations. Fourthly, in the trade area there are some good legislation in location for trade. However, much of the Caribbean nations are now service oriented nations and we require to examine possibilities for promoting shared and beneficial value chains which integrate U.S. and Caribbean in services such as health care, education, and back workplace support. I believe by integrating the skills on Capitol Hill with a few of the personnels in the Caribbean, these companies can remain competitive both here and in the U.S - Why are you interested in finance.

The Caribbean nations are seaside societies. Facilities, economic activity, population, the building 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 means that they are amongst the most susceptible countries to environment change. More resources require to be offered in a more accessible method to mitigate environment modification and to assist these nations in surviving. And I point particularly to the tourist market which is critically based on the quality of that immediate seaside strip. Lastly, energy (How to become a finance manager at a car dealership). The Caribbean, bar the exceptions of Trinidad and Tobago, depend heavily on importation of energy.

Solar, wind, and thermal all have possibilities, and to shift the production of electrical power which is amongst the greatest cost on the planet onto energy in cheaper sources. That would serve to revive an entire variety of economic activity, including production. What does leverage mean in finance. And I conclude, Mr. Chairman, by saying that all of these are interrelated elements that need to be dealt with. If we might address them in one total effort led by the U.S. and involving the advancement of monetary institutions, I believe that they reinforce each other and it is time for a brand-new vibrant effort in U.S. policy toward the Caribbean.

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[The prepared statement of Mr. Bernal follows:] [GRAPHIC( S) NOT AVAILABLE IN TIFF FORMAT] ---------- Mr. Duncan. Well, thank you a lot for making the effort to be here. Mr. Meeks has actually agreed we are going to skip over him and go to the former chairman of the complete committee, Ms. Ros- Lehtinen, for 5 minutes. Ms. Ros-Lehtinen. Thank you so quite 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 essential hearing. And I do not believe that we can talk about U.S.

Venezuela developed Petrocaribe in 2005 to assist affect lots of countries in the hemisphere and approximately this point the technique has worked. Nevertheless, now we see the collapse of the Venezuelan economy because of the incompetence of the Maduro regime. So it provides the U.S. a chance to fill that space, and this is where we need the State Department and the Department of Energy to be exceptionally focused on this effort right now due to the fact that it remains in our national security interest to collaborate an energy option; a strategy so that fewer nations 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 help them benefit from the plentiful and inexpensive natural gas and the new sophisticated clean wind and solar innovations available. By doing this we reinforce our partners' economies, we buffer the area from the effects of Venezuelan collapse and take realistic steps towards minimizing carbon emissions. So the crisis in Venezuela may cause an oil supply disruption. What effect would such an interruption have on the Caribbean countries? Mr. Bernal. My colleagues are identified to make sure I carry a fair share of the load.

Thank you for that. The relationship with Venezuela is a long and complicated one. Venezuela initiated the Petrocaribe at a time when many Caribbean nations were actually extremely extended economically and actually required some assistance. However, the relationship has its intricacies. For instance, Venezuela declares a huge share of Guyana which is a member of the CARICOM group. It also has extended its claims in terms of coastal waters based on an island almost 400 miles away from Venezuela and mainland, so that the relationship is not all the Caribbean taking advantage of some financial backing. I believe we are at a juncture where the relationship is going to become extremely unforeseeable because of nobody knows exactly what will happen in the Caribbean with Venezuela.

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A number of Caribbean nations are believing beyond Petrocaribe since they don't presume that it will continue in its present kind and they need to be thinking about options. This produces a point in which new efforts, consisting of from the U.S - Why are you interested in finance. in energy, would be very welcome in the area. Ms. Ros-Lehtinen. Thank you really much, Mr. Chairman and Ranking Member Sires. Thank you. Mr. Duncan. Well, thank you. Thanks for taking some 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 Check out here to see all of you who, you understand, we trust extremely much with your competence and due to the fact that the Caribbean is extremely important, http://damienpcyb243.yousher.com/what-is-a-consumer-finance-account-fundamentals-explained I think.

It is really, you understand when you take a look at our hemisphere and we have got to ensure that we strengthen and working together. And I hear my colleagues in concerns to particularly Petrocaribe, but I believe that the concerns that are challenging a great deal of the islands-- and I notice, for instance, Mr. Ambassador, you listed as number 6 in order of priority the energy crisis, et cetera, in attempting to ensure. So I wish to search for out as it relates to the islands themselves the important things that are most pushing with them that would assist them overall with their economy, because I understand, for example, you can't just depend upon tourism or you can't simply rely on, you understand, they have the diversification of it requires to be there.