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  • Not Even Boris-mania can Stop Sunak now – Britain Gets its First Coloured Prime Minister

Not Even Boris-mania can Stop Sunak now – Britain Gets its First Coloured Prime Minister

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By Arvel Grant

Not Even Boris-mania can Stop Sunak now: Britain  Gets its First Coloured  Prime Minister, A Very Different Lens Through  Which to See its Coloured  Minorities

At the start of the race, to elect a new leader for the British Conservative Unionist Party, I used an earlier piece,  to lament  the tragic reality that (though supremely more prepared for the job) Sunak would not be  elected by the majority of members,  because he is a coloured man, of East Indian heritage. So said, so done.

During the  leadership race, Mr Sunak argued, (vehemently)  that the economic plans of his opponent, will doom the British economy. With in 6 weeks into her tenure,   Prime Minister  Truss came under such pressure from the Market, forcing her to step-down, becoming Britain’s shortest serving Prime Minister…

This re-opened the Conservative Party’s leadership race.  Once again Mr Sunak threw his hat in the ring. Sensing obvious danger to his short-lived legacy, Former PM Johnson signalled  a likely return to the job. Obviously Establishment conservatives learnt their lessons and might have shown him the exit.

A very expensive lesson, costing ordinary British citizens  perhaps, billions of pounds for years to come; and threatening  the conservatives’ majority in the Commons…

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By Friday of this week, British society should be settling-down to the idea of their new Prime Minister, a 2nd generation immigrant from India…

None should be under any elusions; Mr Sunak is a wealthy  right of centre conservative politician. Only,  that he is smart enough,  to recognize that,  the fiscal and monetary   health  of the  British economy and society  are  as such,  that,  some centrist and (perhaps) left of centre,  policies is the best programme-mix for a very sick economy.

Most importantly, as a former banker,  Mr Sunak should  be  financially savvy  enough, to recognize that,  an  IMF loan of cheep money, could be the “silver bullet” which kills the financial dragon, currently  strangling  the British economy to death…

In the meantime, the trade unions and the financial markets,  are eyeing him like hungry eagles. The demands on the National Health Service  are at breaking point and the middle and working classes are in grate distress. The  trading bottle-necks and associated dislocations proceeding  Brexit, hang over his government’s head like the preverbal “Sword of Damocles…

If Mr Sunak:  Calms the markets,  pacifies  the trade unions, soothes  the NHS, spurs growth enough to expand job creation and  softens Brexit; He will have stolen Labour’s shirt.

If the new Prime Minister manages to do that,  British Labour could be out of office for (at least) another 7 years. The Conservatives have a 70 seat majority in the Commons. A  successful  2 years in office can do wonders for a political party, on the ropes.

Walk good until next time.

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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]