Bernal. I will take the first shot on this one because I simply completed a week ago, 8 years on the board of directors of the Inter-American Advancement Bank. I can guarantee you that the Inter-American Advancement Bank in particular has actually been very active and has supplied considerable assistance across a variety of sectors (How to find the finance charge). I think that our big bro, the World Bank, has contributed, however website I would venture to suggest that there is scope for far more resources to be taken into the region. The issue 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 concern when it pertains to hardship reduction.
In some cases it is one sector, tourism, and for that reason while they are middle earnings they are susceptible and require ongoing support. The U.S., I think, has an important function in urging the advancement institutions to continue to play a function in the Caribbean. Mr. Farnsworth. Just a fast coda to that too. We have talked a little bit about the financial obligation overhang that affects the Caribbean and so there is a possible future role, possibly not too far in the future, in terms of the international banks maybe the IMF too to actually assist resolve a few of those financial obligation issues in a meaningful and lasting way.
Mr. Duncan. We have time for a couple of more questions. I believed it was going to be just the ranking member and myself. I am thankful we had such active involvement. I am grateful you showed up. Brazil is concerned about tourism 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. help will make it to the Caribbean countries and whether Zika is even a concern on the island nations themselves and what effect that might have on tourism, or anticipated results.
Eric? Mr. Farnsworth. It is really much on the minds of the hemisphere community. You referenced Brazil and I believe that is definitely proper. Although, in Brazil right now it is the winter season and the mosquito population in the winter tends to decrease, and so a minimum of we speak with the Olympic organizers that Zika will not be as much of an issue throughout this current time of the Olympics, et cetera. However look, Zika is a problem throughout the area and certainly here in the United States too. As I explain in my prepared comments, it appears to me that this can timeshare ruin your credit could be a simple 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 eliminate it as fast and as rapidly and as thoroughly as possible. So there is a great deal of good research study going on in the United States and other locations. Once 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 substantial public health initiative that affects people where they live? I suggest, this is the kind of thing, these are the kinds of lessons we are learning that are very efficient from other nations when they do it whether it is Venezuela, whether it is China, whether it is other countries due to the fact that this is what individuals require.
Ms. Yearwood (What are the two ways government can finance a budget deficit?). The Caribbean Hotel & Tourist Association, the Caribbean Tourist Organization, the Caribbean Public Health Company, and the Pan American Health Company are all thoroughly associated with attempting to handle the Zika crisis not simply at the global level but likewise at the tourist level. People recognize Zika as a particular problem that could affect the economy of the whole area and so they are very cognizant and pursuing attempting to contain the threats and handling the vector management, et cetera. I believe to Eric's point, the ability of those agencies to have higher participation by the U.S.
Mr. Bernal. Mr. Chairman, if you will permit me. Zika is an issue in itself, but it raises a much wider concern which is hemispheric and international pandemics. There are numerous people moving the area from the U.S., Canada, from the Caribbean-- numerous million a year-- that it is an interest of common and shared importance that can you refuse to inherit a timeshare we try to fight 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 fairly percentage of expense on preventive steps, vaccines, we might have prevented a significant human tragedy.
It is in our shared interest. Which of these is the best description of personal finance. These are concerns which are not nationwide or even local. They are worldwide, and the only way to tackle them is by reliable cooperation. In passing, let me state that the debt scenario is such that it is starting to constrain the federal governments and their ability to do health and education which has long term adverse effects for advancement. If we could resolve the debt, and possibly one of the areas to look at is to bring in foundations and advancement agents to look at debt-for-health swaps in which some of the financial obligation can be eased 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 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, situation in Haiti with the federal government, if you all simply wish to touch on that. Ms. Yearwood. That is opening a bunny hole, however there are a lot of possible methods to address this concern. Haiti remains in an especially fascinating scenario. As I mentioned I was there for 13 years.
And whether it is with the Parliament or the government, criminal offense is on the rise. Budget plan wise, we understand the U.S. and European Union are not going to be offering money toward elections. Last I heard, there was no cash in the Haitian spending plan for elections, so in some way they need to discover 55 million to get to a set of elections that no one is particular, you know, if it can occur and if it will happen since of the deadlock on the ground there. How to finance an investment property. How to finance an engagement ring. That of course has effects on the DR-Haiti migration issue. If Haiti continues to slide downhill, it is going to be tough 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 naturally Florida and the United States.