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Caribbean heat season warms up, may be hotter than usual

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(Loop News) — It has been a hot couple of months for many Caribbean islands with no end in sight to the excessive heat.

According to the Barbados-based Caribbean Climate Outlook Forum (CariCOF) in its heat outlook for May to October 2023, excessive heat can be expected, especially in August and September.

The heat outlook forecast notes May to July, marking the first half of the Caribbean heat Season (April/May to October) may well be hotter than usual for most.

Intense night-time and daytime heat is expected in much of the Caribbean from August to September/October, marking the peak of the Heat Season.

The implications of the Heat Season:

Frequent and possibly intense episodes of heat stress in the vulnerable population and small livestock because of high temperature and increasing humidity from May through September.

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Cooling needs rising sharply towards August and September.

Over in St Maarten, the Meteorological Department in its seasonal outlook for May to July 2023 states models are indicating that rainfall totals for the season May-June-July 2023 are likely to be near the normal range in St Maarten and the rest of the Caribbean.

The normal rainfall for May-June-July season on St Maarten ranges 167mm–295mm /7-12 inches, with 28 to 36 wet days. May to June the region transitions to the wet season where rainfall may be more frequent while in July there is often a summer dry spell.

The forecast is for up to 5 (7-day) wet spells, up to 3 very wet spells and about 5 (7-day) dry spells on St Maarten during this season.

The majority of the forecast models predict that an El Nino will start this season May to July 2023 (73 per cent chance).

There is a likelihood that the El Nino phase will persist through early 2024. The wet season in the Caribbean may be drier than normal in view of the likely development of El Nino.

Currently, short-term drought has developed in Barbados, Belize, southeast Cuba, USVI, Martinique and St Vincent while long-term drought has also developed in other areas across the Caribbean.

Although ‘drought’ conditions will persist in St Maarten through May, models indicate that by the end of July there will be no drought concern.

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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]