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Montserrat to provide financial and humanitarian support to SVG

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The Government of Montserrat will contribute XCD$150,000 along with donations of essential supplies to St. Vincent and the Grenadines, as the island continues to cope with a series of eruptions at the La Soufrière Volcano.

Montserrat’s Premier Joseph E. Farrell made the announcement today (Monday April 12, 2021) following a meeting of Cabinet earlier today.

The Cabinet meeting was preceded by an Emergency Stakeholder meeting on Friday, during which stakeholders to include officials from the Disaster Management Coordination Agency (DMCA) identified relief items available on island and which can be donated based the ‘Immediate Needs–Volcanic Emergency’ list received from the National Emergency Management Organisation (NEMO) in St. Vincent and the Grenadines.

Premier Farrell said, “Cabinet agreed on a financial contribution of $150,000.00 dollars and members of Cabinet also reviewed the list of items available locally to provide relief to St. Vincent and the Grenadines.  The logistical arrangements will now be made to send the items to include cots, blankets, water purifying  tablets,  portable water bottles, wheel barrows and push-brooms, to the island.”

Additionally, the Premier announced that Cabinet was advised of the establishment of a local support team to either work from home or travel to St. Vincent and the Grenadines to provide assistance in key areas such as radio communications, shelter management and operational support among others.

He noted that Montserrat has already provided technical support before the eruptions began, as scientists from the Montserrat Volcano Observatory (MVO) joined their colleagues from the UWI Seismic Research Centre in St. Vincent to monitor the La Soufriere volcano, in January.   To this end, the Premier said additional technical support will be provided as the scientists will have to be rotated depending  on the duration of the increased activity  and eruptions.

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Discussions on the situation in St. Vincent and the Grenadines will continue with the  Caribbean Disaster Emergency Management Agency (CDEMA) and the Government of St. Vincent and the Grenadines.

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One response to “Montserrat to provide financial and humanitarian support to SVG”

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]