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US backs opposition as Venezuela president

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US President Donald Trump has said he recognises Venezuelan opposition leader Juan Guaidó as interim president.

It came minutes after the 35-year-old declared himself as acting leader in Caracas on Wednesday.

Tens of thousands of Venezuelans are taking to the streets in protest against President Nicolás Maduro.

Mr Maduro was sworn in for a second term earlier this month, after a poll considered a sham by much of the international community.

Venezuela has been in economic freefall for a number of years under his leadership.

Hyperinflation and key shortages, including of food, has forced millions out of the country.

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What is the latest with protests?

Speaking in Caracas while declaring himself leader, Mr Guaidó vowed to protesters: “We will stay on the street until Venezuela is liberated!”

Footage from Wednesday’s protests showed some demonstrators facing off against National Guard security forces, tear gas being dispersed and vehicles on fire.

Mr Guaidó, who is head of the country’s National Assembly, has called on armed forces – who have so far backed Mr Maduro – to disobey the government.

He has promised to lead a transition government and hold free elections.

Some counter-demonstrations are also being held in support of Mr Maduro.

What did Mr Trump say?

In a statement on Wednesday, Mr Trump described Mr Maduro’s leadership as “illegitimate” and said the country’s congress, led by Mr Guaidó, was the only “legitimate branch of government” in the country.

“The people of Venezuela have courageously spoken out against Maduro and his regime and demanded freedom and the rule of law,” his statement said.

The statement also said the US would hold Mr Maduro’s regime “directly responsible” for any threats to the safety of the Venezuelan people.

In the announcement, he also urged other nations to follow suit.

So far, five South American countries have done so.

The Organization of American States (OAS), the pan-Americas organisation in which Venezuela does not participate, has also recognised Mr Guaidó as leader.

“Our congratulations to @jguaido as acting President of #Venezuela. You have all our recognition to launch the return of democracy to the country,” Secretary General Luis Almagro said in a tweet.

Venezuela withdrew from the organisation, which aims to aid cooperation across the continent, in 2017 – accusing it of meddling in his country’s internal affairs.

Why are people protesting?

Mr Maduro, who took office in 2013 after the death of Hugo Chavez, has been condemned at home and abroad for alleged human rights abuses and for his handling of the economy.

There have been widespread reports of shortages of items like medicine and food throughout Venezuela and an estimated three million people have fled the country.

Mr Maduro’s re-election in May 2018 was labelled as illegitimate at home and abroad – amid opposition absences from the ballot and reports of vote-rigging in his favour.

Wednesday’s demonstrations come just two days after 27 National Guard soldiers were reported to have revolted against the government at a guard post in the capital, Caracas.

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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]