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UWI-UNDP partnership delivers on Blue Economy initiatives for the Caribbean

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The University of the West Indies (The UWI) and the United Nations Development Programme (UNDP) have been ‘walking the talk’ on several blue economy-related initiatives since the two entities joined forces in 2019 to drive climate change solutions for the Caribbean.

Among the tangible collaboration initiatives is a joint think-tank on public policy for the Blue Economy developed by The UWI and UNDP Barbados and the Eastern Caribbean to tackle development issues and strengthen development effectiveness.

On Monday, April 4 the think-tank also commonly referred to as Blue Economists for the Caribbean hosted a high-level forum themed, Strengthening Research-Policy Linkages for a Thriving Blue Economy in the Caribbean to showcase some of the work advanced to date.

Dean Jonas, Minister of Social Transformation, Human Resource Development and the Blue Economy for Antigua and Barbuda delivered opening remarks. He applauded The UWI and UNDP and expressed the Government of Antigua and Barbuda’s enthusiasm for the establishment of The UWI’s Centre of Excellence for Oceanography and the Blue Economy at the Five Islands Campus, one of the initiatives realised following the collaboration. The Centre, he said, “illustrates the range of potential areas for partnership.”

He added, “Forming strategic partnerships with stakeholders such as The UWI complements regional efforts executed with, and by other international development agencies, donors, civil society, national government and local stakeholders.”

Professor Sir Hilary Beckles, Vice-Chancellor, The UWI and Luis Felipe López-Calva, UN Assistant General Secretary, and UNDP Regional Director for Latin America and the Caribbean also delivered remarks at the forum which was chaired by Pro Vice-Chancellor for Global Affairs Dr. Stacy Richards-Kennedy, whose office spearheaded the partnership between The UWI and UNDP.

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Vice-Chancellor Beckles expressed pride at the progress from the partnership. “I’m happy to report that after three years, what I have seen is the development of a best practice in terms of partnerships, activism, and establishing a track record for getting things done. We know that MOUs are not always ‘MO-DOs’ by tradition. But this is an instance in which The UWI and UNDP have been establishing a legacy of action.” He declared, “We are going to be able to demonstrate at the highest possible level that UWI will be a best-case scenario in the implementation of agreed positions and policies.”

Acknowledging that the partnership with The UWI has yielded many fruitful results, Dr. López-Calva noted that the forum underscored important components that drive Caribbean development, and underlines the vision for a Blue Economists programme to be a key instrument in the pursuit of a new way of thinking about development solutions.

He offered three reflections on development solutions: that research is critical to the development of good, evidence-based policies and noted, “the pivotal role of a regional research institution like UWI cannot be overstated”; that given the limited financial and institutional capacities in the region as a whole, strategic alliances are needed to build robust, user-friendly, comprehensive and digital data management systems that can lead into that objective, the blue economy; and that policies for the blue economy backed by research should be effectively implemented to deliver results to the people.

Following the opening remarks were reports on the key areas of research-policy work undertaken since the signing of the partnership agreement in 2019. This segment featured presentations from Dr. Julian Roberts, Managing Director, Blue Resources Ltd on Challenges and Opportunities for the Blue Economy in the Caribbean; Dr. Akshai Mansingh, Dean, Faculty of Sport, The UWI; Matthew Goldie-Scot, Managing Director, Thuso Group on Climate Change and Sport and Dr. Emily Dick-Forde, Management Committee Member at The UWI Global Institute for Climate-Smart and Resilient Development on the UWI Flagship Initiative: Global Institute for Climate-Smart and Resilient Development (GISCRD).

Valerie Cliff, UNDP Resident Representative for Barbados and the Eastern Caribbean delivered closing remarks at the event. She summarised the outcome of the webinar by stating, “Our objective today was to demonstrate how collaboration and the linkages across research, academia, science, and collaboration with governments…can lead to the promotion of climate justice, climate action, steps for the blue economy, protection of our marine environment, and that evidence-based public policy decision making.”

As exogenous threats like COVID-19 continue to impact the region, it is vital that developmental efforts continue to reinforce the need for regional resilience, building forward better and bolstering livelihoods for traditionally vulnerable groups. UNDP Barbados and the Eastern Caribbean, in partnership with governments and stakeholders, remains dedicated to the advancement of inclusive and sustainable development throughout the region. This partnership is part of the work of UNDP Barbados and the Eastern Caribbean in its commitment to promoting economic diversification, job creation and resilience with the “Blue Economy for Green Islands” vision.

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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]