Bernal. I will take the very first shot on this one because I just finished a week ago, 8 years on the board of directors of the Inter-American Development Bank. I can ensure you that the Inter-American Advancement Bank in particular has been very active and has supplied considerable support across a series of sectors (Accounting vs finance which is harder). I think that our huge brother, the World Bank, has actually contributed, however I would venture Find more info to recommend that there is scope for a lot more resources to be put into the area. The concern here is that the Caribbean is categorized as middle earnings, developed countries and are for that reason omitted from particular concessional centers and are not necessarily viewed as a concern when it pertains to poverty alleviation.
In some cases it is one sector, tourism, and for that reason while they are middle earnings they are vulnerable and require ongoing assistance. The U.S., I think, has a vital role in prompting the advancement institutions to continue to contribute in the Caribbean. Mr. Farnsworth. Simply a fast coda to that as well. We have talked a little bit about the debt overhang that impacts the Caribbean therefore there is a possible future function, maybe not too far in the future, in terms of the worldwide banks perhaps the IMF too to really assist work through a few of those debt concerns in a meaningful and enduring method.
Mr. Duncan. We have time for a few more questions. I believed it was going to be simply the ranking member and myself. I am grateful we had such active participation. I am delighted you revealed up. Brazil is worried about tourism 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. tourist headed there-- Zika. It has got to be on their minds. I think I am worried about just how much U.S. support will make it to the Caribbean countries and whether Zika is even a concern on the island nations themselves and what impact that may have on tourism, or anticipated results.
Eric? Mr. Farnsworth. It is quite on the minds of the hemisphere neighborhood. You referenced Brazil and I believe that is absolutely appropriate. Although, in Brazil right now it is the winter season and the mosquito population in the winter tends to decrease, therefore at least we speak with the Olympic organizers that Zika won't be as much of a problem throughout this current time of the Olympics, et cetera. But appearance, Zika is an issue throughout the region and undoubtedly here in the United States too. As I explain in my prepared comments, 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 a very real incentive to eliminate it as fast and as rapidly and as thoroughly as possible. So there is a great deal of excellent research going on in the United States and other places. As soon as the vaccine or the ideal technique to attend to Zika comes forward, why not, dealing with the Caribbean partners and others in the hemisphere have a very significant public health initiative that affects people where they live? I indicate, this is the kind of thing, these are the kinds of lessons we are learning that are really efficient from other nations when they do it whether it is Venezuela, whether it is China, whether it is other nations due to the fact that this is what individuals require.
Ms. Yearwood (What is a swap in finance). The Caribbean Hotel & Tourist Association, the Caribbean Tourist Organization, the Caribbean Public Health Firm, and the Pan American Health Company are all intimately associated with attempting to handle the Zika crisis not just at the worldwide level but likewise at the tourism level. Individuals acknowledge Zika as a particular issue that might affect the economy of the whole region and so they are very cognizant and pursuing trying to consist of the threats and dealing with the vector management, et cetera. I think to Eric's point, the capability of those agencies to have higher participation by the U.S.
Mr. Bernal. Mr. Chairman, if you will allow me. Zika is a problem in itself, however it raises a much wider problem which is hemispheric and international pandemics. There are a lot of people walking around the region from the U.S., Canada, from the Caribbean-- several million a year-- that it is an interest of common and mutual importance that we attempt to fight these pandemics. Early intervention is vital. The minute-- we need to have a fast-acting response to the possibility of pandemics. We understand, for instance, that way back in the '60s when there was an outbreak of polio in Jamaica that for a fairly little amount wesley mutual, llc of expense on preventive steps, vaccines, we could have avoided a significant human disaster.
It is in our mutual interest. Which of these is the best description of personal finance. These are issues which are not nationwide or perhaps regional. They are worldwide, 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 federal governments and their ability to do health and education which has long term unfavorable consequences for development. If we could address the financial obligation, and maybe among the areas to look at is to bring in structures and development representatives to take a look at debt-for-health swaps in which a few of the debt can be eased 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 question if you would like. Mr. Meeks. I would be remiss if I didn't inquire about Haiti and the Dominican Republic. Mr. Duncan. So migration, economy, circumstance in Haiti with the federal government, if you all just wish to discuss that. Ms. Yearwood. That is opening a rabbit hole, but there are a lot of possible ways to go at this concern. Haiti is in a particularly intriguing circumstance. As I discussed I was there for 13 years.
And whether it is with the Parliament or the government, criminal offense is on the increase. Budget plan wise, we understand the U.S. and European Union are not going to be supplying cash towards elections. Last I heard, there was no money in the Haitian budget plan for elections, so in some way they require to find 55 million to get to a set of elections that nobody is particular, you know, if it can occur and if it will happen because of the impasse on the ground there. What does ear stand for in finance. What is a consumer finance account. That of course has consequences on the DR-Haiti migration problem. If Haiti continues to slide downhill, it is going to be difficult pressed for any person to be able to stop the flight of migrants either to the Dominican Republic, the Bahamas, Turks and Caicos, Jamaica, and of course Additional resources Florida and the United States.