Category: Caribbean News

  • LIAT abruptly cancels several flights for Thursday, March 28

    LIAT abruptly cancels several flights for Thursday, March 28

    LIAT advised Wednesday that several flights have been cancelled for Thursday, March 28 “due to operational reasons.” The cash-strapped regional carrier has been on the brink of collapse, with recent reports that it only had enough funds for 10 days. LIAT’s management and shareholders have been trying to get employees to agree to a pay…

  • Man, 33, shot and killed inside popular Sheraton Mall in Barbados

    Man, 33, shot and killed inside popular Sheraton Mall in Barbados

    A man and a woman are currently assisting police with investigations into a fatal shooting at Sheraton Mall, Christ Church that occurred around 1:50 p.m. The dead man has been identified 33-year-old Damian Trotman of Highland, St Philip. According to police, Trotman was standing just outside the entrance of KFC when a number of gunshots…

  • Jamaica to temporarily close Venezuelan Embassy

    Jamaica to temporarily close Venezuelan Embassy

    Jamaica will temporarily close its Embassy in Caracas, Venezuela effective April 1. “As we have previously stated publicly, we have been monitoring circumstances related to the operations of the Embassy, both in the wider context of our diplomatic representation review, as well as in the particular circumstances of the mission in Caracas. The Ministry along with…

  • Trump to meet 5 Caribbean leaders on Friday

    Trump to meet 5 Caribbean leaders on Friday

    U.S. President Donald Trump will meet at his Florida resort on Friday with the leaders of the Bahamas, Dominican Republic, Haiti, Jamaica and Saint Lucia to discuss Chinese “predatory economic practices” and the Venezuela situation, the White House said in a statement on Tuesday. Trump and the Caribbean leaders will also discuss security cooperation and…

  • GECOM chairman says Guyana elections can’t be held until November

    GECOM chairman says Guyana elections can’t be held until November

    CMC – Chairman of the Guyana Elections Commission (GECOM), retired Justice James Patterson, Tuesday said that fresh regional and general elections could only be held in Guyana in November. In a letter to President David Granger, the GECOM chairman wrote that “I would proffer that the Commission would be in a position to conduct General and…

  • CARICOM message on New Zealand terrorist attack

    CARICOM message on New Zealand terrorist attack

    The Caribbean Community (CARICOM) is shocked and appalled by the horrific attack on the two Mosques in Christchurch, New Zealand on Friday, 15 March, which has so far resulted in 49 deaths. CARICOM condemns in the strongest possible terms this savage act of terrorism perpetrated at places of worship, where people would normally find sanctuary…

  • Last remaining US diplomats leave Venezuela

    Last remaining US diplomats leave Venezuela

    The last remaining American diplomats in Venezuela left the country on Thursday, amid deteriorating ties between Washington and Venezuelan President Nicolas Maduro. “I know it is a difficult moment for them,” U.S. Secretary of State Mike Pompeo said of the departing diplomats. He said they would continue to carry on their “mission from other locations,…

  • Grenada announces investigation into failed CBI project, seeks help from regional partners

    Grenada announces investigation into failed CBI project, seeks help from regional partners

    The Grenada government says it has launched an investigation into a company that benefitted from the island’s Citizenship by Investment Programme (CBI) and was expected to construct and establish a shrimp farm in the rural parish of St Mark since 2017. “We are now investigating, and we are seeking the support from our friends regionally…

  • CAL cancels Venezuela flights

    CAL cancels Venezuela flights

    Caribbean Airlines (CAL) on Monday said that it had cancelled all flights to Venezuela on Monday following an electricity blackout that has hit the South American country where the opposition is seeking to force President Nicolas Maduro out of office. In a brief statement, CAL said it had taken the decision “due to no electricity…

  • Family awarded US$3.38M for Royal Caribbean passenger’s death

    Family awarded US$3.38M for Royal Caribbean passenger’s death

    A federal jury says Royal Caribbean Cruises owes US$3.38 million to the family of a passenger who died during an Alaskan cruise. The jury returned its verdict Thursday in Miami federal court. Court records show Richard Puchalski was with his family on the Explorer of the Seas in 2016. A civil complaint says the 70-year-old…

  • Former Grenada minister warns of the demise of CBI in the Caribbean

    Former Grenada minister warns of the demise of CBI in the Caribbean

    A former finance minister is warning Grenada and other Caribbean countries that the controversial Citizenship by Investment Programme (CBI) “will cease to exist in a very short time.” Anthony Boatswain told legislators that the CBI, under which Caribbean countries grant citizenship to foreign investors in return for making a substantial investment in the socio-economic development…

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]