Bernal. I will take the very first shot on this one since I just finished a week back, 8 years on the board of directors of the Inter-American Development Bank. I can guarantee you that the Inter-American Advancement Bank in particular has been very active and has provided substantial assistance across a variety of sectors (What happened to household finance corporation). I think that our big brother, the World Bank, has actually contributed, but I would venture to recommend that there is scope for far more resources to be put into the area. The concern here is that the Caribbean is categorized as middle income, established nations and are therefore excluded from certain concessional centers and are not always seen as a priority when it concerns hardship relief.
In some cases it is one sector, tourist, and therefore while they are middle income they are susceptible and need continued assistance. The U.S., I think, has an important function in urging the development institutions to continue to contribute in the Caribbean. Mr. Farnsworth. Simply a fast coda to that too. We have talked a bit about the financial obligation overhang that impacts the Caribbean and so there is a potential future function, possibly not too far in the future, in terms of the global banks maybe the IMF as well to really assist overcome some of those debt problems in a significant and long lasting method.
Mr. Duncan. We have time for a few more concerns. I believed it was going to be simply the ranking member and myself. I am happy we had such active involvement. I am delighted you appeared. Brazil is concerned about tourist with regard to the Olympics. And tourism being such a big part of the Caribbean nations' economy and a huge part of the U.S. tourist headed there-- Zika. It has got to be on their minds. I think I am concerned about how much U.S. support will make it to the Caribbean countries and whether Zika is even a concern on the island countries themselves and what result that may have on tourist, or anticipated results.
Eric? Mr. Farnsworth. It is really much on the minds of the hemisphere neighborhood. You referenced Brazil and I think that is absolutely correct. Although, in Brazil today it is the winter season and the mosquito population in the winter season tends to go down, and so a minimum of we speak with the Olympic organizers that Zika will not be as much of a problem throughout this existing time of the Olympics, et cetera. However look, Zika is a problem throughout the area and undoubtedly here in the United States too. As I describe in my prepared remarks, it seems to me that this might be an easy win for the United States if we wish to put it in those terms.
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We all have an extremely genuine incentive to eliminate it as fast and as rapidly and as adequately as possible. So there is a lot of good research study going on in the United States and other places. Once the vaccine or the right method to deal with Zika comes forward, why not, working with the Caribbean partners and others in the hemisphere have a very significant public health initiative that affects individuals where they live? I imply, this is the kind of thing, these are the types of lessons we are learning that are really reliable from other countries when they do it whether it is Venezuela, whether it is China, whether it is other countries because this is what individuals require.
Ms. Yearwood (How do you finance a car). The Caribbean Hotel & Tourist Association, the Caribbean Tourist Company, the Caribbean Public Health Firm, and the Pan American Health Organization are all intimately associated with attempting to handle the Zika crisis not simply at the international level but also at the tourist level. Individuals recognize Zika as a singular concern that might impact the economy of the entire region therefore they are extremely cognizant and pursuing trying to include the threats and handling the vector management, et cetera. I think to Eric's point, the capability of those firms to have higher involvement by the U.S.
Mr. Bernal. Mr. Chairman, if you will allow me. Zika is a problem in itself, however it raises a much more comprehensive issue which is hemispheric and international pandemics. There are so lots of people moving the area from the U.S., Canada, from the Caribbean-- numerous million a year-- that it is an interest of common wesley company and shared importance that we try to fight these pandemics. Early intervention is critical. The moment-- we need to have a fast-acting reaction wesley financial group las vegas to the possibility of pandemics. We know, for example, that method back in the '60s when there was an outbreak of polio in Jamaica that for a reasonably little amount of expenditure on preventive measures, vaccines, we could have prevented a major human tragedy.
It remains in our mutual interest. How to finance a franchise with no money. These are issues which are not national and even regional. They are worldwide, and the only way to tackle them is by effective cooperation. In passing, let me say that the debt circumstance is such that it is beginning to constrain the federal governments and their capability to do health and education which has long term unfavorable consequences for development. If we could resolve the financial obligation, and possibly among the locations to take a look at is to generate structures and development agents to take a look at debt-for-health swaps in which a few of the financial obligation can be alleviated and that cash be put into preventive health care.
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Duncan. Thank you for that. I would be remiss if I didn't discuss Haiti and Dominican Republic, and ask-- I will let you ask the concern if you would like. Mr. Meeks. I would be remiss if I didn't ask about Haiti and the Dominican Republic. Mr. Duncan. So migration, economy, scenario in Haiti with the government, if you all just want to touch on that. Ms. Yearwood. That is opening a bunny hole, but there are a great deal of possible methods to go at this concern. Haiti is in a particularly fascinating circumstance. As I discussed I was there for 13 years.
And whether it is with the Parliament or the federal government, criminal activity is on the increase. Budget wise, we understand the U.S. and European Union are not going to be providing cash toward elections. Last I heard, there was no cash in the Haitian spending plan for elections, so in some way they need to discover 55 million to get to a set of elections that nobody is specific, you understand, if it can take place and if it will take place due to the fact that of the deadlock on the ground there. How old of a car will a bank finance. What is internal rate of return in finance. That of Extra resources course has effects on the DR-Haiti migration concern. If Haiti continues to move downhill, it is going to be tough pressed for anyone to be able to stop the flight of migrants either to the Dominican Republic, the Bahamas, Turks and Caicos, Jamaica, and of course Florida and the United States.