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Cindy Becomes Second Active Storm to Threaten Caribbean

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A day after becoming the second active tropical storm to threaten the Caribbean, Cindy was gradually strengthening on Friday, although it remained well out to sea and posed no immediate threat to land. CLICK HERE TO JOIN OUR WHATSAPP GROUP FOR NEWS UPDATES.

Cindy, the third named storm of this year’s Atlantic hurricane season, was nearly 1,000 miles east of the Lesser Antilles as of early Friday, and moving northwest at around 15 miles per hour, the National Hurricane Center said.

Cindy was trailing Tropical Storm Bret, which caused damage in St. Vincent and the Grenadines on Thursday and was headed west toward Central America.

The Hurricane Center said Cindy had sustained winds of 45 m.p.h., with higher gusts. Tropical disturbances that have sustained winds of 39 m.p.h. earn a name. Once winds reach 74 m.p.h., a storm becomes a hurricane, and at 111 m.p.h. it becomes a major hurricane.

On the forecast track, Cindy is expected to remain well northeast of the northern Leeward Islands through early next week.

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Cindy is actually the fourth tropical cyclone to reach tropical storm strength this year. The Hurricane Center announced in May that it had reassessed a storm that formed off the Northeastern United States in mid-January and determined that it was a subtropical storm, making it the Atlantic’s first cyclone of the year.

However, the storm was not retroactively given a name, making Arlene, which formed in the Gulf of Mexico on June 2, the first named storm in the Atlantic basin this year.

The Atlantic hurricane season started on June 1 and runs through Nov. 30.

In late May, the National Oceanic and Atmospheric Administration predicted that there would be 12 to 17 named storms this year, a “near-normal” amount. There were 14 named storms last year, after two extremely busy Atlantic hurricane seasons in which forecasters ran out of names and had to resort to backup lists. (A record 30 named storms took place in 2020.)

However, NOAA did not express a great deal of certainty in its forecast this year, saying there was a 40 percent chance of a near-normal season, a 30 percent chance of an above-normal season and another 30 percent chance of a below-normal season.

There were indications of above-average ocean temperatures in the Atlantic, which could fuel storms, and the potential for an above-normal West African monsoon. The monsoon season produces storm activity that can lead to some of the more powerful and longer-lasting Atlantic storms.

This year also features El Niño, which arrived this month. The intermittent climate phenomenon can have wide-ranging effects on weather around the world, including a reduction in the number of Atlantic hurricanes.

“It’s a pretty rare condition to have the both of these going on at the same time,” Matthew Rosencrans, the lead hurricane forecaster with the Climate Prediction Center at NOAA, said in May.

In the Atlantic, El Niño increases the amount of wind shear, or the change in wind speed and direction from the ocean or land surface into the atmosphere. Hurricanes need a calm environment to form, and the instability caused by increased wind shear makes those conditions less likely. (El Niño has the opposite effect in the Pacific, reducing the amount of wind shear.)Even in average or below-average years, there is a chance that a powerful storm will make landfall.

As global warming worsens, that chance increases. There is solid consensus among scientists that hurricanes are becoming more powerful because of climate change. Although there might not be more named storms overall, the likelihood of major hurricanes is increasing.

Climate change is also affecting the amount of rain that storms can produce. In a warming world, the air can hold more moisture, which means a named storm can hold and produce more rainfall, like Hurricane Harvey did in Texas in 2017, when some areas received more than 40 inches of rain in less than 48 hours.

Researchers have also found that storms have slowed down, sitting over areas for longer, over the past few decades.

When a storm slows down over water, the amount of moisture the storm can absorb increases. When the storm slows over land, the amount of rain that falls over a single location increases; in 2019, for example, Hurricane Dorian slowed to a crawl over the northwestern Bahamas, resulting in a total rainfall of 22.84 inches in Hope Town during the storm.

Other potential effects of climate change include greater storm surge, rapid intensification and a broader reach of tropical systems.

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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]