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The de-risking of the reporter banking relationships are extremely essential to the Caribbean due to the fact that global monetary banks have been vital not only to domestic economy however in its link to the international economy. Some services have already been choked off and there should be a method for us to discover an effort that combines the security goals which we sign up for, and also at the exact same time, enable financial intermediation such as trade funding, transfers of earnings, debt payments, et cetera, to continue. Thirdly, security. The small states of the Caribbean find it extremely hard to compete with global criminal offense connected to narcotics trafficking, global terrorism, cybersecurity, et cetera.

has actually done an exceptional task in supporting these nations, however I believe there is space to do more in the interest of our mutual security. Security these days can just be defined as international and can just be reacted to by cooperation among nations. Furthermore, in the trade location there are some excellent legislation in place for trade. However, a number of the Caribbean countries are now service oriented countries and we require to examine possibilities for promoting mutual and advantageous worth chains which combine 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 some of the personnels in the Caribbean, these companies can stay competitive both here and in the U.S - How to finance an investment property.

The Caribbean countries are seaside societies. Facilities, economic activity, population, the structure 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 indicates that they are amongst the most susceptible nations to climate change. More resources require to be provided in a more available way to alleviate climate modification and to assist these countries in making it through. And I point particularly to the traveler industry which is critically reliant on the quality of that immediate seaside strip. Finally, energy (How to finance an investment property). 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 electrical power which is among the highest expense on the planet onto energy in less costly sources. That would serve to revive a whole variety of financial activity, including production. The trend in campaign finance law over time has been toward which the following?. And I conclude, Mr. Chairman, by saying that all of these are interrelated elements that need to be resolved. If we could address them in one general initiative led by the U.S. and including the advancement of financial institutions, I believe that they reinforce each other and it is time for a new strong effort in U.S. policy towards the Caribbean.

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[The ready declaration of Mr. Bernal follows:] [GRAPHIC( S) NOT AVAILABLE IN TIFF FORMAT] ---------- Mr. Duncan. Well, thank you so much for making the effort to be here. Mr. Meeks has agreed we are going to avoid over him and go to the former 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, but thank you, Chairman Duncan and Ranking Member Sires, for holding this important hearing. And I don't think that we can discuss U.S.

Venezuela established Petrocaribe in 2005 to assist influence many nations in the hemisphere and as much as this point the strategy has worked. However, now we see the collapse of the Venezuelan economy since of the incompetence of the Maduro regime. So it offers the U.S. a chance 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 what happens if you stop paying on your timeshare right now due to the fact that it remains in our nationwide security interest to coordinate an energy service; a method so that less countries in the Western Hemisphere would depend on a really unreliable Venezuela.

And I think that we have actually got to be working with our partners, our allies in the Caribbean to assist them make the most of the abundant and cheap natural gas and the new advanced clean wind and solar technologies available. In this manner we strengthen our partners' economies, we buffer the area from the impacts of Venezuelan collapse and take realistic steps towards minimizing carbon emissions. So the crisis in Venezuela may trigger an oil supply disruption. What impact would such a disruption have on the Caribbean countries? Mr. Bernal. My associates are identified to make sure I carry a reasonable 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 actually very extended economically and actually needed some help. Nevertheless, the relationship has its intricacies. For example, Venezuela declares a really large share of Guyana which belongs to the CARICOM group. It likewise has actually extended its claims in terms of seaside waters based upon an island nearly 400 miles away from Venezuela and mainland, so that the relationship is not all the Caribbean gaining from some financial backing. I believe we are at a point where the relationship is going to end up being very unforeseeable since of nobody understands precisely what will take place in the Caribbean with Venezuela.

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A number of Caribbean countries are thinking beyond Petrocaribe since they do not presume that it will continue in its present type and they need to be believing of options. This creates a point in which brand-new initiatives, including from the U.S - How to finance an investment property. in energy, would be extremely 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 excellent to see all of you who, you understand, we trust quite with your expertise and because the Caribbean is exceptionally important, I believe.

It is really, you understand when you take a look at our hemisphere and we have actually got to make sure that we enhance and working together. And I hear my colleagues in regards to specifically Petrocaribe, however I believe that the concerns that are challenging a lot of the islands-- and I see, for instance, Mr. Ambassador, you noted as number 6 in order of top priority the energy crisis, et cetera, in attempting to ensure. So I desire to search how to get a timeshare for out as it refers to the islands themselves the important things that are most pushing with them that would assist them overall with their economy, due to the fact that I understand, for instance, you can't just rely on tourism or you can't just rely on, you know, they have the diversity of it requires to be there.