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US to Pledge Over $171M in Humanitarian Help for Venezuela

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The U.S. government plans to pledge more than $171 million Friday for humanitarian and development projects to assist Venezuelans experiencing a variety of urgent needs at home and abroad.

Some of the money will go for food, water and sanitation efforts within the crisis-wracked country, while other funds are designated for emergency shelter, health care and other services for Venezuelans who have migrated to other South American nations, the U.S. Department of State told The Associated Press ahead of the announcement.

The U.S. ambassador to the United Nations, Linda Thomas-Greenfield, is expected to announce the pledged funding during a conference in Brussels. The event is designed to raise awareness of Venezuela’s protracted economic and political crisis, which has pushed millions into poverty and driven more than 7 million others to migrate, mostly within Latin America.

The pledge comes almost four months after the government of President Nicolas Maduro and Venezuela’s opposition, including the faction backed by the U.S., reached an agreement to fund social programs with money drawn from the country’s assets frozen abroad. But the fund, expected to be managed by the United Nations and to progressively receive about $3 billion, has yet to materialize.

About three-quarters of Venezuelans live on less than $1.90 a day — the international benchmark of extreme poverty. The minimum wage paid in Venezuelan bolivars is the equivalent of $5 a month, down from $30 in April.

Neither of those wages is enough to feed one person, let alone a family. The cost of a basic basket of goods for a family of four was estimated at $372 in December.

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A U.N. report published last year estimated humanitarian needs at $795 million to help about 5.2 million people in Venezuela through health, education, water and sanitation, food and other projects.

The State Department said the funding being announced Friday includes more than $84 million from the U.S. Agency for International Development for health care, food, water and other services to people living in Venezuela and for emergency food assistance for Venezuelan migrants. The money will go to U.N. agencies and nongovernmental groups already operating in Venezuela.

USAID will also provide $31 million for development efforts, including socio-economic integration help for Venezuelans in Colombia, where the largest share of migrants has resettled during the crisis, and in Ecuador. Some of that amount will go to support human rights organizations, independent media outlets and other groups.

More than $56 million from the State Department will be directed to humanitarian programs for Venezuelans and their host countries, including emergency shelter, mental health services, and protection for women, Indigenous people and other vulnerable groups.

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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]