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Antigua and others urged to brace for increased drought and dry spells

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The Barbados-based Caribbean Institute for Meteorology and Hydrology (CIMH) says chances of drought and recurrent dry spells have increased except in the Bahamas and Cuba during the first three months of this year.

CIMH in its Caribbean Climate Outlooks released here on Tuesday, said that with an El Niño on forecast, chances of drought and recurrent dry spells during the dry season are increased and that region wide, extreme drought is unlikely.

“Wet days and wet spells are expected to become least frequent by March. Extreme wet spells in the coastal Guianas, though less likely than in other years, remain possible there, leading to concerns of flash flood potential. Temperatures will be seasonably comfortable at least through February, and start rising thereafter,” it said.

According to CIMH, as of December 1 last year, short term drought in northwestern parts of The Bahamas and Cuba, and in southern- and eastern-most Hispaniola have been recorded while there have been long term situations in Cayman, southern-most Hispaniola, eastern Jamaica and much of the Leeward Islands.

CIMH said that shorter term drought is evolving in Barbados, Cayman Islands, and coastal Suriname, and is possible in many other areas while there is long term drought concern in Antigua, northern Bahamas, Cayman Islands, western Cuba, Grenada, eastern  Jamaica and St. Kitts, and may possibly develop in many other areas in the Caribbean Islands. Up to the month of March.

In its brief climate outlook for the Caribbean, CIMH notes that April to June marks the transition from the dry to the wet season.

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“Dry spells are common, while the chance of heavy rainfall increases steadily. Temperatures will, at times, become uncomfortably hot for vulnerable portions of the population. Moreover, forecasts suggest warmer than usual temperatures, with the possibility of heat waves in May, particularly in Belize and Trinidad.

“In view of drought relief in areas that become affected by drought by the month of March, April to June rainfall as a whole may be wetter than usual in the eastern Caribbean,” the CIMH added.

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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]