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2021 was 3rd most active Atlantic hurricane season ever

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The 2021 Atlantic hurricane season is now officially over, ending a period in which eight storms smacked into the U.S. coast. With 21 named storms, 2021 ranks as the third most active year in history, according to the National Hurricane Center.

Here are some of the things that set the 2021 season apart:

Storms inflicted deaths and expensive damage

While repairs and recovery efforts are ongoing, the 2021 Atlantic season will likely go down as one of the most expensive in history. Hurricane Ida alone accounts for more than $60 billion in damages — making it one of the five most costly U.S. hurricanes on record since 1980, according to the National Oceanic and Atmospheric Administration.

Ida hit Louisiana as a Category 4 hurricane with a dangerous storm surge and strong winds, and it remained dangerous and destructive for roughly 1,000 miles, as it brought catastrophic flooding to the mid-Atlantic.

Ida was blamed for 26 deaths in Louisiana, and at least 50 deaths in the Northeast.

Four storms — Tropical Storm Elsa in July, Tropical Storm Fred in August, Hurricane Nicholas in September and Ida in August and September — each inflicted more than $1 billion in costs, NOAA said.

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We ran out of names again

Because of the above-average number of named storms, 2021 is the second straight year in which meteorologists ran out of names for the cyclones after Wanda was dubbed in early November.

It’s the first time forecasters have used up the World Meteorological Organization’s initial list of names in two consecutive years.

The average is 14 named storms in a year, the NHC says. Before 2020, the only other time forecasters ran out of names was in 2005.

The 2021 season roared to an early start

The 2021 season continued a trend of unusually early cyclones, as it became “the seventh consecutive year with a named storm forming before the official start to the season on June 1,” according to the NHC.

The first storm was Tropical Storm Ana, which formed north of Bermuda on May 23.

The final two months of the season were relatively quiet, after nine new named storms formed in September: Larry, Mindy, Nicholas, Odette, Peter, Rose, Sam, Teresa and Victor.

Climate change is part of the dynamic

“Climate factors, which include La Niña, above-normal sea surface temperatures earlier in the season, and above-average West African Monsoon rainfall were the primary contributors for this above-average hurricane season,” said Matthew Rosencrans, lead seasonal hurricane forecaster at NOAA’s Climate Prediction Center.

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In August, the Intergovernmental Panel on Climate Change issued an assessment report saying it was highly confident “that the global proportion of tropical cyclones that reach very intense (category 4-5) levels, along with their peak winds and rainfall rates, are expected to increase with climate warming at the global scale,” the NHC said.

Only two years on record were busier

The busy 2021 season is eclipsed only by the 27 named storms (and one unnamed storm) that were recorded in 2005, and by the record 30 named storms of 2020.

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REQUEST FOR EXPRESSIONS OF INTEREST

(CONSULTING SERVICES – INDIVIDUAL SELECTION)

 

OECS MSME Guarantee Facility Project

Loan No.: IDA-62670, IDA-62660, IDA-62640, IBRD-88830, IDA-62650

Assignment Title: Senior Operating Officer (SOO)

Reference No. KN-ECPCGC-207852-CS-INDV

 

The Governments of Antigua and Barbuda, Commonwealth of Dominica, Grenada, St. Lucia and St. Vincent and the Grenadines have received financing in the amount of US$10 million equivalent from the World Bank towards the cost of establishing a partial credit guarantee scheme, and they intend to apply part of the proceeds to payments for goods, and consulting services to be procured under this project. 

The consultant will serve as the “Senior Operating Officer (SOO)” for the ECPCGC and should possess extensive knowledge of MSME lending with some direct experience lending to Micro, small and medium-sized businesses, knowledge of the internal control processes necessary for a lending operation and the ability to design and implement risk mitigation procedures. The ideal candidate should possess an Undergraduate Degree from a reputable college or university, preferably in Business, Accounting, Banking or related field, with a minimum of 5 years’ experience in lending, inclusive of MSME lending. The initial employment period will be for two years on a contractual basis. Renewal of the contract will be subject to a performance evaluation at the end of the contractual period. The assignment is expected to begin on September 30th, 2021.  The consultant will report directly to the Chief Executive Officer of the ECPCGC.

The detailed Terms of Reference (TOR) for the assignment can be viewed by following the attached link below. 

 

https://bit.ly/3iVannm

 

The Eastern Caribbean Partial Credit Guarantee Corporation (ECPCGC) now invites eligible “Consultants” to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have:

  • An Undergraduate Degree from a reputable college or university, preferably in Business, Finance, Banking or related field; and
  • Minimum of 5 years’ experience in MSME lending. Applicants should also have:
  • The ability to design and implement risk management procedures 
  • Extensive knowledge of MSME lending with some direct experience lending to small and medium-sized businesses
  • Extensive knowledge of MSME banking operations
  • Knowledge of the internal controls necessary for a lending operation and the ability to design and implement risk management procedures
  • Experience developing and presenting information in public, including responding to questions in real-time
  • Experience lending to MSMEs located in the ECCU
  • Knowledge of marketing and communicating with the MSME sector
  • Ability to draft procedures to be used in a lending operation
  • Familiarity with the mechanics of a loan guarantee program
  • Exceptional written, oral, interpersonal, and presentation skills, and
  • Proficiency in the use of Microsoft Office suite.

The attention of interested Individual Consultants is drawn to Section III, Paragraphs 3.14, 3.16, and 3.17 of the World Bank’s Procurement Regulations for IPF Borrowers July 2016, [revised November 2017] (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest. A Consultant will be selected in accordance with the Approved Selection Method for Individual Consultants set out in the clause 7.34 of the World Bank Procurement Regulations for IPF Borrowers. 

 

Further information can be obtained at the address below during office hours 0800 to 1700 hours:

Eastern Caribbean Partial Credit Guarantee Corporation

Brid Rock, Basseterre,

St. Kitts.

Expressions of interest must be delivered in a written form by e-mail by August 11th, 2021, to [email protected]

 

For further information, please contact:

Carmen Gomez-Trigg                                                            Bernard Thomas

Chief Executive Officer                                                          Chief Financial Officer

Tel: 868-620-8144                                                                  Tel: 869-765-2385

Email: [email protected]                                          [email protected]