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  • PM Browne to speak at Launch of Multidimensional Vulnerability Index Report in Morocco

PM Browne to speak at Launch of Multidimensional Vulnerability Index Report in Morocco

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Prime Minister Gaston Browne is today in Marrakech, Morocco where he will be one of the main speakers at the launch of the Report of the High-Level Panel on the Multidimensional Vulnerability Index (MVI) on the margins of the 2023 Annual Meetings of the World Bank Group and the International Monetary Fund (IMF).

Prime Minister Browne, who is Chair of the High Level Panel of the MVI,  has been working since March 2022 with experts and Co-Chair Ms. Erna Solberg, Former Prime Minister of Norway on developing the MVI framework, which includes the new MVI index – a global-level assessment tool, and the enlightening Vulnerability and Resilience Country Profiles (VRCP), serving as a valuable complement to the MVI. The panel has also outlined governance mechanisms to ensure the MVI’s effectiveness.

Prime Minister Browne said that this is another opportunity for Small Island Developing States to once again engage with developing countries and the international community on the ongoing efforts in support of the MVI within the framework of the World Bank Group and the IMF.

The event brings together participants from the Annual Meetings and the media, providing a platform for robust conversations. The MVI event is expected contribute to another significant gathering focused on the Debt Crisis in SIDS and the imperative for immediate action in the lead up to the fourth International Conference on SIDS, also to be held in Marrakech. According to Prime Minister Browne, the SIDS-focused events will serve as a valuable platform to deliberate on potential areas where developing countries, particularly SIDS, could receive enhanced support.

Deputy Secretary General of the United Nations Amina Mohammed said that Prime Minister Browne’s participation in the launch event will add substantial value to the discussions and will also convey a resounding message from the UN system to the broader international community about the urgent need to reconsider the approach to accessing and allocating development assistance, including concessional finance.

Prime Minister Browne has always advocated that measuring a nation’s progress and well-being should not be confined to Gross National Income (GNI) per capita alone. He said the limitations of this traditional metric are especially evident in countries facing substantial external shocks and stressors, compounded by their lack of resilience.

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While the international community, including the International Financial Institutions (IFIs) and Multilateral Development Banks (MDBs), acknowledges the inadequacy of GNI per capita in capturing the multifaceted development challenges of developing nations, the missing piece of the puzzle has been a reliable and universally accepted measure of vulnerability.

The MVI now fills this crucial void. It presents a new quantitative benchmark designed to measure structural vulnerability and lack of resilience across multiple dimensions of sustainable development at the national level. Importantly, the MVI is not intended to replace GNI per capita; rather, it complements it, offering a deeper understanding of a country’s development requirements, including their need for concessional financing.

The launch event on Wednesday of this week will take the form of a High-Level panel which will also include, HE Ms Erna Solberg, Former Prime Minister of Norway, Co-Chair of the High-Level Panel;  HE Mr Chola Milambo, Permanent Representative of Zambia to the United Nations;  Ms Amina Mohammed, Deputy-Secretary General of the United Nations and Dr Louise Fox, Brookings Institute, Technical lead for the High-Level Panel.

Accompanying Prime Minister Browne to the World Bank/IMF Meetings and the Launch of the MVI Report are Debt Manager, Peter Abraham Jr.; Permanent Representative to the United Nations, Ambassador Aubrey Webson; Deputy Permanent Representative to the United Nations Tumasie Blair; and First Secretary Claxton Duberry.

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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]