Bernal. I will take the very first shot on this one because I simply finished a week back, 8 years on the board of directors of the Inter-American Development Bank. I can ensure you that the Inter-American Development Bank in particular has actually been really active and has actually provided significant assistance across a variety of sectors (How long can you finance a camper). I believe https://trevorotoy153.bcz.com/2021/12/09/how-how-to-finance-a-car-from-a-private-seller-can-save-you-time-stress-and-money/ that our big bro, the World Bank, has actually contributed, but I would venture to recommend that there is scope for much more resources to be taken into the area. The concern here is that the Caribbean is categorized as middle income, developed countries and are for that reason omitted from specific concessional facilities and are not necessarily viewed as a priority when it comes to poverty reduction.
Often it is one sector, tourist, and therefore while they are middle earnings they are vulnerable and need ongoing support. The U.S., I believe, has a critical role in advising the development organizations to continue to contribute in the Caribbean. Mr. Farnsworth. Simply a quick coda to that also. We have talked a bit about the financial obligation overhang that impacts the Caribbean and so there is a possible future role, perhaps not too far in the future, in regards to the global banks maybe the IMF as well to actually help work through a few of those financial obligation problems in a meaningful and lasting way.
Mr. Duncan. We have time for a few more concerns. I thought it was going to be just the ranking member and myself. I am glad we had such active participation. I am happy you revealed up. Brazil is worried about tourist with regard to the Olympics. And tourist being such a huge part of the Caribbean countries' economy and a huge part of the U.S. tourism headed there-- Zika. It has got to be on their minds. I think I am worried about how much U.S. support will make it to the Caribbean nations and whether Zika is even an issue on the island nations themselves and what result that may have on tourism, or expected effects.
Eric? Mr. Farnsworth. It is really much on the minds of the hemisphere community. You referenced Brazil and I believe that is absolutely correct. Although, in Brazil right now it is the winter and the mosquito timeshare foreclosures population in the winter tends to go down, therefore a minimum of we hear from the Olympic organizers that Zika won't be as much of an issue throughout this current time of the Olympics, et cetera. But appearance, Zika is an issue throughout the area and certainly here in the United States too. As I discuss 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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All of us have an extremely real incentive to get rid of it as quick and as rapidly and as thoroughly as possible. So there is a lot of great research study going on in the United States and other locations. Once the vaccine or the right technique to attend to Zika steps forward, why not, working with the Caribbean partners and others in the hemisphere have an extremely considerable public health initiative that impacts people where they live? I imply, this is the kind of thing, these are the types of lessons we are learning that are really effective from other nations Go to this site when they do it whether it is Venezuela, whether it is China, whether it is other countries since this is what individuals require.
Ms. Yearwood (What does ach stand for in finance). The Caribbean Hotel & Tourism Association, the Caribbean Tourism Company, the Caribbean Public Health Agency, and the Pan American Health Organization are all thoroughly associated with trying to handle the Zika crisis not simply at the international level however likewise at the tourist level. Individuals acknowledge Zika as a particular concern that might impact the economy of the entire area and so they are very cognizant and working towards trying to include the threats and dealing with the vector management, et cetera. I believe to Eric's point, the capability of those companies to have greater 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 broader issue which is hemispheric and international pandemics. There are numerous people moving the area from the U.S., Canada, from the Caribbean-- several million a year-- that it is an interest of common and shared significance that we try to combat these pandemics. Early intervention is crucial. The moment-- we need to have a fast-acting reaction to the possibility of pandemics. We understand, for instance, that method back in the '60s when there was a break out of polio in Jamaica that for a relatively percentage of expense on preventive steps, vaccines, we might have avoided a significant human disaster.
It is in our mutual interest. What jobs can i get with a finance degree. These are issues which are not national and even regional. They are global, and the only way to tackle them is by effective cooperation. In passing, let me state that the debt scenario is such that it is starting to constrain the federal governments and their capability to do health and education which has long term adverse effects for advancement. If we could resolve the debt, and perhaps one of the locations to look at is to generate structures and advancement agents to look at debt-for-health swaps in which some of the debt can be relieved and that money 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 question 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 federal government, if you all just want to discuss that. Ms. Yearwood. That is opening a rabbit hole, however there are a lot of possible ways to address this concern. Haiti remains in an especially fascinating situation. As I mentioned I was there for 13 years.
And whether it is with the Parliament or the government, criminal offense is on the increase. Budget wise, we know the U.S. and European Union are not going to be providing money towards elections. Last I heard, there was no cash in the Haitian spending plan for elections, so in some way they need to find 55 million to get to a set of elections that nobody is particular, you know, if it can happen and if it will occur because of the deadlock on the ground there. How to finance a house flip. What is a future in finance. That naturally has effects on the DR-Haiti migration concern. If Haiti continues to slide downhill, it is going to be hard 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.