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Put hurricane readiness on front burner

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(Barbados TODAY Editorial) — This is the time of year when people across the Caribbean gird themselves for the possibility that a destructive weather system could literally ruin their lives and reverse years of hard work and expense building a home and an economy.

June 1 marks the start of the Atlantic Hurricane season. The Caribbean is paradise, but it can also be a place of fury and destruction if caught in the path of a hurricane.

When leaders around the world meet to discuss the effects of climate change, for us in the Caribbean it is not an esoteric discussion of matters but a real life experience.

We know how one hurricane season can result in  catastrophic damage to countries. Some of our regional neighbours have had the misfortune of experiencing direct hits by more than one system during a single hurricane season. It has happened to Dominica, The Bahamas, Cuba and Jamaica.

Caribbean countries, including Barbados, have been strident in their calls for greater resources and attention to be paid to the impact of climate change on small island developing states (SIDS).

Though there has been a positive shift in the sensitivity to climate change by political leaders, there are still too many who are ambivalent about its danger.

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There are some irrefutable facts that we can no longer reject.  The planet is getting warmer with the average temperature increase impacting food crop production, and the availability of fresh water for consumption and agricultural use. Warmer temperatures are also negatively impacting human health and our natural environment.

When it comes to the effects of rising temperatures on weather systems in the Caribbean, there is no denying that the rise is leading to more intensive systems that cause greater damage.

The 2017 Atlantic hurricane season, for example, produced Irma and Maria, two killer systems that changed many lives in the Caribbean.

Hurricane Irma, which reached Category 5 status, destroyed 90 percent of the homes in Barbuda. In Dominica, more than 70,000 residents were affected by Hurricane Maria, with several deaths reported.

Statistics from the United States Fourth National Climate Assessment show 2017 as a particularly difficult year for this region with Antigua and Barbuda, Cuba, Dominica, Saint Kitts and Nevis, Anguilla, British and US Virgin Islands, Guadeloupe, Puerto Rico, Saint Maarten, and Turks and Caicos all affected by Category 4 and 5 hurricanes.

While we in Barbados have had our slight brushes with weather events, we have been largely spared from direct hits from systems that have reached Category 2, 3, 4 or 5 in recent memory.

That situation has, admittedly, lulled too many of our citizens into a false sense of security and an unwise level of complacency. As has been demonstrated by Tropical Storm Tomas in 2010, it does not take a severe weather system to upend our lives. In fact, there are still some home owners who have not completely recovered from that storm.

In the circumstances, we urge Barbadians to heed the calls to prepare for the possibility that we could be hit by a hurricane this year. Weather forecasters have been unable to say for sure what type of season to expect as two natural phenomena collide, the season could go either way.

Director of the Department of Emergency Management (DEM), Kerry Hinds and her small army of volunteers and personnel in the department, continue their efforts to build awareness and urge action at the household and community levels.

As the DEM recently completed its audit of emergency shelters, she implored Barbadians to undertake as much retrofitting as possible of their homes. The Minister of Home Affairs Mr Wilfred Abrahams has wisely called on homeowners to seek home insurance coverage.

We fully appreciate that the last few years have been difficult. The island was severely impacted by the COVID-19 pandemic, inflation is through the roof, energy prices have been rising and trips to the supermarkets may no longer bring joy.

Despite this, an incremental approach to hurricane preparation is likely the best method.

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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]