Bernal. I will take the first shot on this one because I simply completed a week back, 8 years on the board of directors of the Inter-American Advancement Bank. I can guarantee you that the Inter-American Advancement Bank in specific has actually been very active and has actually provided significant support throughout a variety of sectors (What is a consumer finance account). I believe that our huge brother, the World Bank, has actually contributed, but I would venture to suggest that there is scope for a lot more resources to be taken into the region. The issue here is that the Caribbean is categorized as middle income, established countries and are therefore excluded from certain concessional facilities and are not necessarily seen as a priority when it concerns hardship alleviation.
In some cases it is one sector, tourist, and therefore while they are middle income they are vulnerable and need ongoing support. The U.S., I believe, has a crucial role in advising the advancement institutions to continue to contribute in the Caribbean. Mr. Farnsworth. Just a fast coda to that also. We have actually talked a little bit about the financial obligation overhang that impacts the Caribbean and so there is a possible future role, maybe not too far in the future, in terms of the global banks perhaps the IMF also to truly help work through some of those financial obligation concerns in a meaningful and long lasting method.
Mr. Duncan. We have time for a couple of more concerns. I believed it was going to be just the ranking member and myself. I am thankful we had such active involvement. I am glad you showed up. Brazil is concerned about tourist with regard to the Olympics. And tourist being such a big part of the Caribbean nations' economy and a huge part of the U.S. tourist headed there-- Zika. It has actually got to be on their minds. I guess I am worried about how much U.S. assistance will make it to the Caribbean nations and whether Zika is even a concern on the island countries themselves and what result that might have on tourism, or anticipated results.
Eric? Mr. Farnsworth. It is very 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 and the mosquito population in the winter season tends to go down, therefore a minimum of we speak with the Olympic organizers that Zika won't be as much of a problem during this existing 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 comments, it seems to me that this could 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 fast and as rapidly and as thoroughly as possible. So there is a lot of good research study going on in the United States and other locations. Once the vaccine or the ideal approach to address Zika comes forward, why not, working with the Caribbean partners and others in the hemisphere have an extremely substantial public health effort that affects individuals where they live? I mean, this is the kind of thing, these are the kinds of lessons we are learning that are extremely effective from other countries when they do it whether it is Venezuela, whether it is China, whether it is other nations because this is what individuals need.
Ms. Yearwood (How to finance an engagement ring). The Caribbean Hotel & Tourist Association, the Caribbean Tourism Organization, the Caribbean Public Health Firm, and the Pan American Health Organization are all totally involved in trying to deal with the Zika crisis not simply at the global level however also at the tourist level. Individuals recognize Zika as a particular problem that might impact the economy of the whole region therefore they are extremely cognizant and working towards trying to include the risks and handling the vector management, et cetera. I think to Eric's point, the ability of those agencies to have higher involvement by the U.S.
Mr. Bernal. Mr. Chairman, if you will permit me. Zika is a problem in itself, but it raises a much wider issue which is hemispheric and worldwide pandemics. There are so many individuals moving the region from the U.S., Canada, from the Caribbean-- a number of million a year-- that it is an interest of typical and shared importance that we try to combat these pandemics. Early intervention is important. The moment-- we need to have a fast-acting response to the possibility of pandemics. We know, for example, that way back in the '60s when there was an outbreak of polio in Jamaica that for a reasonably small amount of expenditure on preventive measures, vaccines, we might have avoided a significant human catastrophe.
It is in our shared interest. What is a swap in finance. These are issues which are not nationwide or perhaps regional. They are global, and the only way to tackle them is by reliable cooperation. In passing, let me state that the financial obligation situation is such that it is beginning to constrain the governments and their capability to do health and education which has long term negative wesley financial effects for development. If we might resolve the debt, and maybe 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 minimized and that cash be taken 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, circumstance in Haiti with the government, if you all just desire to touch on that. Ms. Yearwood. That is opening a bunny hole, but there are a great deal of possible methods to address this question. Haiti is in a particularly intriguing situation. http://rylanecwx436.tearosediner.net/some-known-factual-statements-about-how-long-can-you-finance-a-boat-for As I discussed I was there for 13 years.
And whether it is with the Parliament or the government, crime is on the increase. Budget plan smart, 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 budget for elections, so in some way they require to find 55 million to get to a set of elections that nobody is particular, you understand, if it can take place and if it will occur due to the fact that of the deadlock on the ground there. How many years can you finance a boat. How to become a finance manager at a car dealership. That naturally has repercussions on the DR-Haiti migration issue. If Haiti continues to slide 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, timeshare alternative Turks and Caicos, Jamaica, and obviously Florida and the United States.