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  • A rare December subtropical storm could form for first time in nearly a decade

A rare December subtropical storm could form for first time in nearly a decade

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Peak hurricane season may be officially over, but a rare subtropical storm in December could be forming in the Atlantic Ocean for the first time in nearly a decade — and it already has a name lined up.

The National Hurricane Center issued a special tropical weather outlook Monday as a low-pressure system is “producing disorganized showers and thunderstorms” along the central Atlantic Ocean. As of 8:30 p.m. ET, the system is located about 800 miles northeast of the northern Leeward Islands of the Caribbean.

What does this all mean? Possibly an organized tropical depression or a subtropical storm, which according to the National Weather Service “typically has a large, cloud-free center of circulation, with very heavy thunderstorm activity in a band removed at least 100 miles from the center” and could also bring strong winds.

“This tropical system is expected to be large, spanning hundreds of miles. As a result, wind and rough seas can extend well away from the center of the storm,” said AccuWeather senior meteorologist Adam Douty.

The potential arrival of Owen, the next name on the list, comes  after the Atlantic had just gotten over Hurricane Nicole, a late deadly storm that became a Category I and led to evacuation orders along Florida’s east coast, in November.

“Environmental conditions appear conducive for this system to acquire some subtropical characteristics while it drifts northeastward during the next few days,” the hurricane center said. “By Thursday night or Friday, however, the low is expected to move over cooler waters, ending its chances of becoming a subtropical cyclone.”

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Areas most likely to be affected by the storm as it envelopes the Atlantic this week will be Bermuda and the Azores, an island chain located to the west of Portugal, said Courtney Travis, an AccuWeather senior meteorologist.

But it’s possible that it could make it as far west as Florida’s Atlantic coast if the storm becomes strong enough, Travis said.

The last storm to become subtropical this late in a calendar year was an unnamed system in 2013, according to the National Oceanic and Atmospheric Administration.

SOURCE: USA TODAY

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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]