And when the OAS under an extremely courageous secretary basic, Luis Almagro, attempts to bring the organization toward acknowledging that Venezuela is no longer in compliance with the Inter-American Democratic Charter, he is not timeshare professionals getting the full assistance of the hemisphere, and indeed much of the Caribbean Basin has actually not supported that. And if you line up the votes, who voted in favor and who stayed away, you can do a quite simple one for one contrast based upon who belongs to Petrocaribe. And so the ramification of your concern I think is spot on, you understand, and that is why I believe when we talk about the Caribbean in Washington, usually we think about it in the context of, you understand, island countries or programs or social advancement, and all of these are very, very important problems.
And the dividends settle down the roadway when Venezuela itself is in the spotlight of the global neighborhood. Then they have friends that they can count on and it pays dividends for them - What is a note in finance. So I believe that at the end of the day that is a lesson frankly that we can find out, and I think we can develop toward reversing that course. Ms. Yearwood. I concur 100 percent with Eric. Venezuela actioned in at a time that was really important for much of the region and now the region is very much paying the rate, whether it is in financial obligation 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. An increase in the expense of energy also. Ms. Yearwood. Oh, absolutely, definitely. And so I believe to the point, we are at an essential juncture now with the top 3 timeshare companies of 2020 expense of energy being what it is with the U.S. energy supply increasing and the area taking a look at ways timeshare loan to increase sustainable energy, whether it is through natural gas or getting the area less reliant on Petrocaribe and able to make these switches to brand-new types of energy is going to make a big distinction. Mr. Sires. See, I do not think things occur by accident.
The other issue that I have is the substantial increase of China in this region. You understand, we seem to be put to a lull of sleep or something due to the fact that everyone appears to relocate and then we respond. And we don't seem to catch these things until something like this happens, you understand, like Venezuela. So sadly, you understand, considering that I have been here we have actually been pressing-- and I understand Mr. Meeks and the other members that are here, you understand, this is an essential area for us. It is an important region for America and we truly need to concentrate.
They are going to go through the Panama Canal and they come in and they throw money, you know, at these little nations, which in reality they can't manage not to accept the money. So how much of impact is there now of the Chinese? And I understand it is growing, but-- Ms. Yearwood. The Chinese impact, it is actually really interesting to see the way China has kind of come into the area and the types of projects. Often it is a sports stadium - How to become a finance manager at a car dealership. I think the recent, the Baha Mar ordeal in the Bahamas, you have seen the Chinese Government come in in a manner that the U.S.
If a Chinese developer enters into a nation in the area they have the Chinese financing and the Chinese Government behind them. Mr. Sires. And the staff members. Ms. Yearwood. And the workers. And so you have effectively got a plan that the U.S - What happened to household finance corporation. can not-- the Foreign Corrupt Practices Act and all sorts of other reasons, the U.S. can not complete in terms of the kinds of financial investment that they are able to take in without kind of needing to do the due diligence behind it. And it is really welcome in a great deal of locations, but what Baha Mar has shown us is that it can create a very tough scenario for the countries where they go.
Farnsworth. I think Sally raises a really interesting and important point in this context. How to finance a home addition. You understand, the Chinese or Venezuelan design is a state-led design, so the capital of the nation, the leaders in the nation can say this is what we are going to do. We are going to produce Petrocaribe or we are going to develop a sports arena or we are going to declare that we are going to develop these projects, whereas the U.S. model is private sector-led design. And the detach here is that we are dealing with smaller economies, island nations, and in comparison of other financial investment opportunities in other nations in Latin America, much less worldwide, 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 establish a seamless financial area between the U.S. and the Caribbean so that economic sector capital can work. There are chances. Lastly, I would state that the Caribbean is ending up being a a lot more complicated area because of the modifications in policy towards Cuba, the cross-cutting trade arrangements such as CAFTA, et cetera, and we have to think about the Caribbean now in a larger sense. In regard to Haiti, I think extremely essential is its continued combination with the English-speaking Caribbean, due to the fact that these are well developed democracies and it is a financial area which holds opportunities for Haiti and there is now quite a great deal of Caribbean financial investment entering into Haiti and vice versa.