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US researcher predicts 2022 to be a ‘very difficult year’ for the Caribbean

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A United States researcher is predicting that 2022 will likely be a “mercurial but ultimately very difficult year” for Latin America and the Caribbean as well as the Biden administration’s engagement in the region.

Writing for Global Americans, a New York-based think tank that specialises in providing analysis and opinions about the Americas, including the Caribbean, Dr Evan Ellis said this year will begin with hope that the region is “slowly gaining the upper hand in its battle with COVID-19”.

Ellis, a non-resident senior associate in the Americas Programme for the Washington-based Center for Strategic and International Studies (CSIS), said that 2022 will also start with hope that “the continuing string of victories by left-of-centre parties, the consolidation of authoritarian populism and the advance of the People’s Republic of China (PRC) will not have the negative consequences that some fear.

“By the end of the year, that optimism will likely be strained by a combination of problematic behaviour by the radical left and populist authoritarian regimes, further significant electoral advances of the populist left, and increasing challenges from organised crime, political instability, fiscal and economic crises, and refugee flows,” said Ellis, who previously served on the US Secretary of State’s policy planning staff with responsibility for Latin America and the Caribbean.

“The year will likely also feature continued diplomatic, economic, political and security penetration of the region by the PRC, as well as a notably weakened US voice in both multilateral affairs and bilateral political and security engagement to address such challenges,” he wrote.

Ellis said that, in Venezuela, expanded oil production, helped in part by the China National Oil Development Corporation’s re-engagement, “will complement Russian arms, Iranian support, and an emboldened Nicolás Maduro to increase Venezuela’s risk to its neighbours”.

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“Violence involving terrorist groups in Venezuela, such as the FARC and ELN, will raise the prospect of military action spilling over into the territory of Venezuela’s neighbours,” he warned.

On the China-Taiwan issue, he is predicting that “2022 will likely see the Caribbean become a new area of focus, including the possibility of a flip by the current government of St Lucia, which currently recognises Taiwan but previously recognised the PRC, or by the next government in Haiti”.

The two Caribbean Community (Caricom) countries are among a handful of Caribbean states with diplomatic relations with Taiwan. The others include St Kitts-Nevis, and St Vincent and the Grenadines.  The other Caribbean countries have diplomatic relations with Beijing.

As the region moves beyond the economic paralysis of COVID-19, Ellis said a range of temporarily-stalled Chinese projects may begin, adding that the role of Chinese companies in 5G, biotech, ridesharing and other e-commerce will be “contributing to a sense that PRC-based companies are advancing everywhere”.

Across Mexico, Central America and the Caribbean, he cautioned that the deterioration of the security situation and the continuing influence of organised crime will “highlight the cost of the lost US ability to engage, let alone substantially influence, its partners in the region, even tiny El Salvador, on issues of organised crime, immigration, or China, or secure cooperation on such issues in once-reliable multilateral institutions such as the OAS (Washington-based Organization of American States).

“That visibly weakened US posture will contribute strongly to the recapture of the House of Representatives by the Republican Party in the November 2022 US midterm elections,” Ellis said.

The researcher said the result will likely be more conflict, stagnation and attention to the increasing challenges for the United States in the Western Hemisphere, albeit not likely significant solutions under a split Congress.

“In short, in 2022, the United States will find that after a few initial signs of hope, the hemisphere to which it is intimately bound by ties of geography, commerce and family is more dangerous, less democratic, less stable, less willing to cooperate, and more engaged than ever with its extra-regional rivals.

“Predictions are imperfect, however, it is possible that some of the anticipated glimmers of hope at the beginning of the year will fail to materialise, and the region will plunge more rapidly into crisis,” Ellis wrote.

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2 responses to “US researcher predicts 2022 to be a ‘very difficult year’ for the Caribbean”

  1. Wow, I bet he’s the life and soul at a party … another boring pessimist about our beautiful region – DAMN NAYSAYER!

  2. Wait a target them a target we man them have something against us caribbean rebels we nah fear them people prepare your for anything they throw at us watch your puppet governments too

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]