Antigua Breaking News

Category: Business

  • CARICOM reaches out to LIAT

    CARICOM reaches out to LIAT

    The CARICOM Secretariat has signaled a desire to help resolve the issues that have erupted between Barbados and St. Vincent and the Grenadines concerning the operation of LIAT into those territories. Antigua and Barbuda’s Ambassador to CARICOM, Dr. Clarence Henry, reportedly first raised the matter with his Barbadian counterpart, David Commissiong, asking that authorities in…

  • LIAT still in talks with Barbados and St. Vincent

    LIAT still in talks with Barbados and St. Vincent

    The Court appointed Administrator for the cash-strapped regional airline, LIAT, Cleveland Seaforth, says talks are still ongoing with Barbados and St. Vincent and the Grenadines after the two former shareholder governments of the airline temporarily banned the airline from landing at the airports in the two countries over valid flight approvals. Seaforth has hinted at…

  • LIAT Administrator provides further clarity on issues with Barbados and St. Vincent

    LIAT Administrator provides further clarity on issues with Barbados and St. Vincent

    LIAT Administrator Cleveland Seaforth has provided further clarity on the issues with Barbados and St. Vincent, which forced the carrier to cancel flights to those countries mere days after it restarted limited services. Seaforth spoke with state media in Antigua Tuesday evening.

  • PM Browne and his gumption

    PM Browne and his gumption

    Barbados TODAY Editorial Being Prime Minister is an awesomely important job, carrying with it great responsibility, leverage and influence. In the Caribbean, the holder of this office is really the maximum leader, wielding the power to appoint and disappoint, improve the lives of the masses and destroy those of his or her enemies. In our…

  • CIBC FirstCaribbean donates $10K to Lions, Red Cross and Salvation Army

    CIBC FirstCaribbean donates $10K to Lions, Red Cross and Salvation Army

    In the midst of the Christmas season, many of Antigua and Barbuda’s voluntary and church organisations reach out to those in need to try to ensure that no one is forgotten. However, to achieve this goal, these organisations depend largely on the generosity of the public and corporate sponsors. CIBC FirstCaribbean is once again leading…

  • American Airlines, Delta expanding flights to Antigua

    American Airlines, Delta expanding flights to Antigua

    By Caribbean Journal Staff More airlines are expanding their flights to Antigua and Barbuda for the winter as demand for the destination continues to rise, officials said this week. Air Canada made its return to Antigua this weekend, while more United States and United Kingdom-based carriers are adding flights this winter, too. That includes American…

  • Hospital responds to controversy over catering contract

    Hospital responds to controversy over catering contract

    The following is a press release from the Mount St. John’s Medical Centre (MSJMC): Mount St. John’s Medical Centre (MSJMC) categorically refutes publicly issued statements by Mr. Nigel Joseph of Nigel’s Catering regarding the selection process for a supplier of dietary services to MSJMC. Mr. Nigel Joseph was fully aware and participated in the selection process, as did…

  • Robert De Niro Is Creating a New Caribbean Getaway

    Robert De Niro Is Creating a New Caribbean Getaway

    By Stellene Volandes “I like the word inn,” says Robert De Niro about what will, over the next three years, arise on 391 acres along the sandy shores of Barbuda. And though it might be difficult to imagine the award-winning actor behind the young Vito Corleone and Jimmy Conway as a kindly innkeeper, the devil,…

  • ABST Reductions Days

    ABST Reductions Days

    The Inland Revenue Department Antigua and Barbuda has announced the annual ABST Reduction Days 2020. Please take note of the following information.

  • Broadband outage limits internet access across the region

    Broadband outage limits internet access across the region

    Broad Internet customers in several Caribbean countries were experiencing problems on Monday after their providers informed of a possible fibre fault between Antigua and the French island of Guadeloupe on the Xtera-Optima ECFS segment. “Valued customers we are aware that some of you may be experiencing an outage with your internet services. Preliminary investigations indicate…

  • Inspection of the General Post Office scheduled for today

    Inspection of the General Post Office scheduled for today

    An assessment will be conducted today of the ongoing repairs that were agreed upon following a meeting last Thursday among government officials, representatives of the General Post Office (GPO), the Antigua and Barbuda Public Service Association (ABPSA) and the Antigua and Barbuda Trades and Labour Union (AT&LU). Services at the GPO ground to a halt…

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]