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  • As Venezuela’s crisis nears boiling point, CARICOM Chairman Dr. Timothy Harris heads to Costa Rica to discuss important next steps

As Venezuela’s crisis nears boiling point, CARICOM Chairman Dr. Timothy Harris heads to Costa Rica to discuss important next steps

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Chairman of the Caribbean Community (CARICOM) and Prime Minister of St. Kitts and Nevis, Dr. Timothy Harris is set to travel to San José, Costa Rica, where he will engage in follow-up high-level talks with the International Contact Group (ICG) on Venezuela to discuss important next steps.

In late March, the CARICOM Chairman visited Ecuador for discussions with the International Contact Group on Venezuela, which was holding its second meeting at the ministerial level in Quito, the Ecuadorian capital.

The ICG issued a communiqué after its Quito meeting, stating that the International Contact Group “expresses its willingness to increase contacts with regional and international partners in order to foster a common understanding and response to the situation in Venezuela.”

Its communiqué also said the ICG welcomed the “participation of the Chilean Minister of Foreign Affairs, the Prime Minister of St. Kitts and Nevis – in his capacity as Chair of CARICOM – and the Secretary-General of CARICOM in the outreach session of the meeting.”  The statement added that the ICG would reconvene at the ministerial level at the beginning of May in Costa Rica.  The Ministerial Meeting of the ICG is scheduled to take place today, Monday, May 6th – Tuesday, May 7th.

The ICG held its inaugural meeting in Uruguay in early February.  Immediately following the ICG’s first meeting, Federica Mogherini, the European Union’s Foreign Policy Chief met with the CARICOM Chairman and members of his high-level delegation in the Uruguayan capital of Montevideo.

That conversation with the EU’s Foreign Policy Chief came a day after CARICOM, Mexico and Uruguay released details of their plan to resolve Venezuela’s political crisis. Their four-phased plan is referred to as the Montevideo Mechanism.

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The ICG, which was established by the European Union in January in response to the growing political crisis in Venezuela, comprises the EU, eight of its Member States and several Latin American countries including Costa Rica, Ecuador and Uruguay.

Over the weekend, CARICOM issued a communiqué that noted with concern “the turn of events in the Bolivarian Republic of Venezuela and the potential they hold for the escalation of the political crisis and further violence to the detriment of the people of the country.”  The statement also said, “The Community will continue to support diplomatic efforts such as the Montevideo Mechanism.  We will also continue to be in contact with other interested parties to encourage efforts to bring a peaceful solution to the crisis.”

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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]