And when the OAS under a really courageous secretary general, Luis Almagro, tries to bring the organization towards recognizing that Venezuela is no longer in compliance with the Inter-American Democratic Charter, he is not getting the full support of the hemisphere, and indeed much of the Caribbean Basin has not accompanied that. And if you line up the votes, who enacted favor and who abstained, you can do a quite simple one for one comparison based on who is a member of Petrocaribe. And so the ramification of your question I believe is area on, you understand, which is why I think when we discuss the Caribbean in Washington, oftentimes we consider it in the context of, you know, island countries or programs or social advancement, and all of these are extremely, very essential issues.
And the dividends pay off down the roadway when Venezuela itself remains in the spotlight of the worldwide neighborhood. Then they have buddies that they can depend on and it pays dividends for them - How to finance a car from a private seller. So I think that at the end of the day that is a lesson frankly that we can discover, and I think we can construct towards reversing that course. Ms. Yearwood. I agree one hundred percent with Eric. Venezuela stepped in at a time that was extremely important for much of the region and now the area is really much paying the cost, whether it is in debt or other locations connected to votes and other requirements that they do as an outcome of the-- Mr.
Increased expenses in energy too now. Ms. Yearwood. Sorry? Mr. Sires. A boost in the expense of energy also. Ms. Yearwood. Oh, absolutely, definitely. Therefore I think 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 increasing and the area taking a look at methods to increase sustainable energy, whether it is through gas or getting the region less depending on Petrocaribe and able to make these switches to brand-new types of energy is going to make a substantial distinction. Mr. Sires. See, I don't believe things occur by accident.
The other concern that I have is the considerable increase of China in this area. You understand, we seem to be put to a lull of sleep or something because everyone appears to move in and after that we react. And we do not seem to catch these things till something like this takes place, you know, like Venezuela. So unfortunately, you know, considering that I have actually been here we have been pressing-- and I know Mr. Meeks and the other members that are here, you understand, this is a crucial area for us. It is a crucial area for America and we really ought to concentrate.
They are going to go through the Panama Canal and they are available in and they throw cash, you know, at these little nations, which in reality they can't pay for not to accept the money. So just how much of impact exists now of the Chinese? And I know it is growing, but-- Ms. Yearwood. The Chinese impact, it is actually very intriguing to enjoy the way China has type of come into the area and the kinds of tasks. In some cases it is a sports arena - Why are you interested in finance. I believe the recent, the Baha Mar ordeal in the Bahamas, you have seen the Chinese Government can be found in in such a way that the U.S.
If a Chinese designer enters into a nation in the region they have the Chinese financing and the Chinese Federal government behind them. Mr. Sires. And the staff members. Ms. Yearwood. And the workers. Therefore you have successfully got a plan that the U.S - Which of these arguments might be used by someone who supports strict campaign finance laws?. can not-- the Foreign Corrupt Practices Act and all sorts of other reasons, the U.S. can not contend in terms of the types of investment that they are able to take in without type of having to do the due diligence behind it. And it is really welcome in a great deal of locations, but what Baha Mar has actually revealed us is that it can produce a really difficult situation for the nations where they go.
Farnsworth. I think Sally raises a really intriguing and essential point in this context. How do you finance a car. You understand, the Chinese or Venezuelan design is a state-led model, so the capital of the country, the leaders in the country can state this https://www.globenewswire.com/news-release/2020/06/25/2053601/0/en/Wesley-Financial-Group-Announces-New-College-Scholarship-Program.html is what we are going to do. We are going to create Petrocaribe or we are going to construct a sports stadium or we are going to state that we are going to how to get out of timeshare for free establish these projects, whereas the U.S. design is private sector-led design. And the detach here is that we are handling smaller economies, island nations, and in comparison of other investment chances in other nations in Latin America, much less around the world, these are economies that normally aren't going to draw that large financial investment other than in a couple sectors like tourist like we have been speaking about. What the onus needs to be is to find methods to clear and develop a smooth financial space between the U.S. and the Caribbean so that personal sector capital can work. There are opportunities. Finally, I would state that the Caribbean timeshare tax deductible is becoming a far more complicated location due to the fact that of the changes in policy toward Cuba, the cross-cutting trade contracts such as CAFTA, et cetera, and we have to consider the Caribbean now in a broader sense. In regard to Haiti, I think extremely crucial is its continued integration with the English-speaking Caribbean, because 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.