The de-risking of the correspondent banking relationships are really essential to the Caribbean because worldwide monetary banks have been vital not only to domestic economy however in its link to the worldwide economy. Some services have currently been choked off and there need to be a method for us to find an effort that combines the security goals which we subscribe to, and likewise at the very same https://stophavingaboringlife.com/beach-resort-destinations/ time, permit financial intermediation such as trade funding, transfers of earnings, debt payments, et cetera, to continue. Finally, security. The little states of the Caribbean donating timeshares to charity discover it very challenging to contend with transnational crime connected to narcotics trafficking, international terrorism, cybersecurity, et cetera.
has actually done an exceptional task in supporting these countries, but I think there is room to do more in the interest of our mutual security. Security nowadays can just be defined as global and can only be reacted to by cooperation among countries. Furthermore, in the trade area there are some good legislation in place for trade. However, much of the Caribbean countries are now service oriented nations and we need to take a look at possibilities for promoting mutual and helpful worth chains which integrate U.S. and Caribbean in services such as health care, education, and back office assistance. I believe by combining the abilities on Capitol Hill with some of the personnels in the Caribbean, these firms can remain competitive both here and
