And when the OAS under a really courageous secretary general, Luis Almagro, attempts to bring the institution 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 indeed much of the Caribbean Basin has not supported that. And if you line up the votes, who voted in favor and who stayed away, you can do military time shares a pretty easy one for one contrast based upon who belongs to Petrocaribe. And so the ramification of your question I believe is spot on, you know, and that is why I believe when we talk about the Caribbean in Washington, usually we consider it in the context of, you know, island countries or programs or social development, and all of these are extremely, extremely essential issues.
And the dividends settle down the roadway when Venezuela itself remains in the spotlight of the international community. Then they have buddies that they can count on and it pays dividends for them - How to finance an investment property. So I timeshare freedom group reviews believe that at the end of the day that is a lesson frankly that we can learn, and I think we can construct toward reversing that course. Ms. Yearwood. I concur one hundred percent with Eric. Venezuela actioned in at a time that was extremely important for much of the area and now the region is quite paying the rate, whether it owes money or other locations related to votes and other requirements that they do as a result of the-- Mr.
Increased expenses in energy too now. Ms. Yearwood. Sorry? Mr. Sires. An increase in the expense of energy likewise. Ms. Yearwood. Oh, definitely, absolutely. Therefore I believe to the point, we are at a crucial point now with the cost of energy being what it is with the U.S. energy supply going up and the region looking at ways to increase best timeshare company to work for sustainable energy, whether it is through natural gas or getting the region less dependent on Petrocaribe and able to make these switches to brand-new kinds of energy is going to make a substantial difference. Mr. Sires. See, I do not believe things occur by mishap.
The other issue that I have is the substantial increase 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 then we react. And we do not seem to capture these things up until something like this occurs, you know, like Venezuela. So unfortunately, you know, considering that I have actually been here we have actually been pressing-- and I understand Mr. Meeks and the other members that are here, you understand, this is an essential region for us. It is an important region for America and we actually need to focus.
They are going to go through the Panama Canal and they can be found in and they toss cash, you understand, at these little nations, which in reality they can't pay for not to accept the cash. So just how much of impact is there now of the Chinese? And I know it is growing, however-- Ms. Yearwood. The Chinese impact, it is actually really interesting to view the way China has sort of entered into the area and the kinds of tasks. In some cases it is a sports arena - The trend in campaign finance law over time has been toward which the following?. I believe the recent, the Baha Mar ordeal in the Bahamas, you have actually seen the Chinese Government come in in a manner that the U.S.
If a Chinese designer comes into a nation in the area they have the Chinese funding and the Chinese Government behind them. Mr. Sires. And the staff members. Ms. Yearwood. And the workers. Therefore you have actually efficiently got a package that the U.S - What does ltm mean in finance. can not-- the Foreign Corrupt Practices Act and all sorts of other factors, the U.S. can not contend in terms of the kinds of financial investment that they have the ability to take in without sort of needing to do the due diligence behind it. And it is really welcome in a great deal of locations, but what Baha Mar has actually shown us is that it can produce an extremely tight spot for the countries where they go.
Farnsworth. I think Sally raises a truly fascinating and important point in this context. What is a note in finance. You understand, the Chinese or Venezuelan design is a state-led model, 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 build a sports stadium or we are going to state that we are going to develop these projects, whereas the U.S. model is private sector-led model. And the detach here is that we are handling smaller economies, island nations, and in comparison of other financial investment opportunities in other countries in Latin America, much less around the world, these are economies that generally aren't going to draw that big investment except in a couple sectors like tourist like we have actually been talking about. What the onus has to be is to discover methods to clear and establish a seamless financial area between the U.S. and the Caribbean so that personal sector capital can work. There are chances. Last but not least, I would state that the Caribbean is ending up being a much more intricate location due to the fact that of the changes in policy towards Cuba, the cross-cutting trade agreements such as CAFTA, et cetera, and we have to think of the Caribbean now in a larger sense. In regard to Haiti, I think extremely important is its ongoing integration with the English-speaking Caribbean, since these are well developed democracies and it is an economic location which holds chances for Haiti and there is now quite a great deal of Caribbean financial investment going into Haiti and vice versa.