BACKGROUND

The CARICOM Development Fund (CDF) was established under Article 158 of the Revised Treaty of Chaguaramas “for the purpose of providing financial or technical assistance to disadvantaged countries, regions and sectors” participating in the CARICOM Single Market and Economy (CSME.

The CDF is an institution of the Caribbean Community and it is the centrepiece of the regime to address the disparities among the Member States of CARICOM which may result from the implementation of the CSME. The Agreement Relating to the Operations of the Fund was signed in July 2008 and the CDF began operating in November, 2008.

MISSION STATEMENT: CDF is committed to assisting Member States of CARICOM in maximizing the benefits arising from participation in the CSME, by reducing intra-regional disparities through effective partnerships and the provision of financial and technical assistance.

VISION STATEMENT: To lead in providing effective, efficient and sustainable solutions that address the challenges faced by disadvantaged countries, regions and sectors participating in the CSME.

SUMMARY:

 The Credit Risk Abatement Facility (CRAF) Implementation Support Intern will assist the Project Management Group (PMG) of CRAF in the review of granular activities relating to the establishment of CRAF so as to ensure that a robust CRAF is operationalized and to give the intern experience in the process of launching and operating a financial product aimed at supporting the financing of sustainable energy solutions in the region. The Financial Controller shall be the Mentor for this Intern.

 RESPONSIBILITIES:

The intern will therefore support the following activities:

  • Review of all documentation related to the CRAF procedures
  • Assist with the review of the IT platform to support CRAF
  • Support the building of a database of service providers under CRAF
  • Follow-up with the outreach to project sponsors and financial service providers
  • Support the building of a database of Technical Assistance providers ensuring coordination of this service with CRAF beneficiaries
  • Participate in the review process of all applications for the CRAF guarantee facility
  • Provide Project Management Support

REQUIREMENTS

Candidates will be selected on a competitive basis. This position is open to university students, recent graduates and young professionals (born after January 1, 1990).

The following eligibility criteria have therefore been established.

  • Candidates enrolled in a post graduate programme in Finance, Economics, Development studies, Renewable Energy, Environmental Sciences or a related discipline may apply.
  • Candidates also in the advanced stages of their undergraduate programme (i.e. final year students) will be considered and therefore may apply;
  • Recent university graduates and young professionals who have completed either a postgraduate or undergraduate programme may also apply. Provided that the start date of the assignment is less than two (2) years following completion of studies;
  • Special consideration will be given to applicants who are currently enrolled or have completed their studies at any regional universities which are part of the Regional Universities Network (RUN) or exist across the CARICOM member states;
  • Applicants must be proficient in English. However, knowledge of another language (i.e. Dutch, French or Spanish) would be an asset;
  • Applicants must be a national of a CARICOM member state.

To apply for the Credit Risk Abatement Facility Support Intern position, applicants must download the application form and submit it to  wvitalis@caricomdf.org copied to ewilliams@caricomdf.org along with the following documentation:

  • A curriculum vitae, no more than 90 days old, detailing the bio profile of the applicant, qualifications, relevant experience (where possible) and references;
  • A statement of philosophy, no longer than 500 words, indicating the reasons and motivation for participation in the Programme and interest in the area of preferred focus.
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