Bernal. I will take the very first shot on this one since I just ended up a week back, 8 years on the board of directors of the Inter-American Advancement Bank. I can guarantee you that the Inter-American Development Bank in particular has actually been really active and has offered substantial assistance throughout a series of sectors (How to become a finance manager at a car dealership). I believe that our big bro, the World Bank, has contributed, however I would venture to recommend that there is scope for a lot more resources to be taken into the region. The concern here is that the Caribbean is classified as middle income, developed nations and are for that reason excluded from specific concessional facilities and are not necessarily seen as a concern when it concerns hardship alleviation.
Often it is one sector, tourism, and for that reason while they are middle earnings they are vulnerable and need continued assistance. The U.S., I think, has a critical role in urging the advancement institutions to continue to contribute in the Caribbean. Mr. Farnsworth. Just a fast coda to that as well. We have actually talked a little bit about the debt overhang that affects the Caribbean therefore there is a prospective future role, maybe not too far in the future, in regards to the worldwide banks possibly the IMF as well to truly assist resolve some of those debt issues in a significant and long lasting method.
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 pleased we had such active involvement. I am delighted you revealed up. 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 actually got to be on their minds. I think I am concerned about how much U.S. help will make it to the Caribbean countries and whether Zika is even a concern on the island countries themselves and what result that might have on tourist, or anticipated results.
Eric? Mr. Farnsworth. It is quite on the minds of the hemisphere community. 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 will not be as much of an issue during this current time of the Olympics, et cetera. But appearance, Zika is an issue throughout the area and indeed here in the United States too. As I discuss in my prepared remarks, it appears 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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We all have a very genuine reward to get rid of it as quick and as rapidly and as comprehensively as possible. So there is a lot of great research going on in the United States and other locations. When the vaccine or the best method to resolve Zika comes forward, why not, working with the Caribbean partners and others in the hemisphere have a really significant public health effort that affects people where they live? I indicate, this is the kind of thing, these are the types of lessons we are learning that are extremely efficient from other nations when they do it whether it is Venezuela, whether it is China, whether it is other countries since this is what people require.
Ms. Yearwood (What does etf stand for in finance). The Caribbean Hotel & Tourism Association, the Caribbean Tourism Organization, the Caribbean Public Health Firm, and the Pan American Health Organization are all intimately included in attempting to handle the Zika crisis not just at the worldwide level but likewise at the tourism level. Individuals recognize Zika as a singular problem that could impact the economy of the whole region therefore they are really cognizant and working toward attempting to consist of the dangers and dealing with the vector management, et cetera. I believe to Eric's point, the capability of those agencies to have higher participation by the U.S.
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Mr. Bernal. Mr. Chairman, if you will allow me. Zika is an issue in itself, however it raises a much more comprehensive concern which is hemispheric and worldwide pandemics. There are many individuals walking around the area from the U.S., Canada, from the Caribbean-- a number of million a year-- that it is an interest of typical and shared significance that we attempt 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 example, that way back in the '60s when there was a break out of polio in Jamaica that for a reasonably percentage of expenditure on preventive steps, vaccines, we could have prevented a significant human disaster.
It remains in our shared interest. How long can you finance a camper. These are problems which are not national or even regional. They are worldwide, and the only method to tackle them is by reliable cooperation. In passing, let me state that the financial obligation scenario is such that it is beginning to constrain the governments and their ability to do health and education which has long term adverse repercussions for development. If we could attend to the financial obligation, and perhaps one of the locations to look at is to bring in structures and advancement agents to look at debt-for-health swaps in which a few of the debt can be relieved which cash be put into preventive healthcare.
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Duncan. Thank you for that. I would be remiss if I didn't point out 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, circumstance in Haiti with the federal government, if you all just desire to discuss that. Ms. Yearwood. That is opening a rabbit hole, however there are a great deal of possible ways to address this question. Haiti remains in a particularly interesting circumstance. As I discussed I was there for 13 years.
And whether it is with the Parliament or the government, crime is on the increase. Spending plan wise, we know the U.S. and European Union are not going to be offering money towards elections. Last I heard, there was no cash in the Haitian spending plan for elections, so somehow they need to find 55 million to get to a set of elections that nobody is specific, you understand, if it can the wesley group occur and if it will occur since of the deadlock on the ground there. How to find the finance charge. What does ltm mean in finance. That naturally has repercussions on the DR-Haiti migration problem. If Haiti continues to slide downhill, it is going to be chuck mcdowell timeshare 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 obviously Florida and the United States.