Antigua Breaking News

Category: Caribbean News

  • 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…

  • CAL’s ATR down for three months after hitting wall

    CAL’s ATR down for three months after hitting wall

    TRINIDAD NEWSDAY – Acting Trinidad and Tobago Prime Minister Colm Imbert says the plane involved in an incident at the Piarco International Airport on Wednesday night will be down for three months but fortunately, Caribbean Airlines (CAL) had been engaged in wet leasing another plane. He was speaking at the post-Cabinet media briefing at the…

  • IMF ready to help rescue Venezuelan economy

    IMF ready to help rescue Venezuelan economy

    The International Monetary Fund is ready to help rescue Venezuela’s economy, but the task will be so huge that it will require financing from the larger international community, the head of the body said Thursday. “As soon as we are asked by the legitimate authorities of that country to come in and help, we will…

  • CAL ATR aircraft collides with wall at Trinidad airport

    CAL ATR aircraft collides with wall at Trinidad airport

    Caribbean Airlines says one of its ATR aircraft has hit a wall at the airport in Trinidad. At approximately 11:15 p.m. on March 06, the ATR-72 aircraft, 9Y-TTA, was being taxied from the ramp at the Piarco International Airport, Trinidad, to an aircraft hangar when it came into contact with the wall of the airport…

  • CXC to issue e-Certificates across the region

    CXC to issue e-Certificates across the region

    The Caribbean Examinations Council (CXC) has announced that after a successful trial period, it will continue to provide students with e-certificates across the region. While CXC will still be offering the traditional paper-based certificate, students who haveregistered unique and valid e-mail addresses, will now have the option to acquire theirofficial certification through Blockcerts or blockchain…

  • Pilots renew calls for an independent audit of LIAT

    Pilots renew calls for an independent audit of LIAT

    The President of the Leeward Islands Pilots Association, Carl Burke, has asserted that it is not too late to undertake an independent audit of the regional airline, LIAT. Burke told Winn FM in St. Kitts that his association made the suggestion in 2009 to Vincentian Prime Minister, Dr. Ralph Gonsalves. Burke says that LIAT obviously…

  • Grenada to make financial contribution to LIAT

    Grenada to make financial contribution to LIAT

    The Grenada government Tuesday said it would be making a “cash contribution” to the cash-strapped Antigua-based regional airline, LIAT, less than a week after the regional shareholder governments urged Caribbean countries to contribute to the future of the island-hopping airline. “We will make a cash contribution to LIAT this month and going forward we will…

  • PM urges regional governments to invest in LIAT

    PM urges regional governments to invest in LIAT

    Prime Minister Gaston Browne says efforts are being made to get the governments of at least four Caribbean countries to purchase shares within the financially-strapped regional airline LIAT. Speaking on a radio programme here over the last weekend, Browne, said that the issue had been discussed at the Caribbean Community (CARICOM) inter-sessional summit held in…

  • CARICOM grants deferral to 2 member countries on freedom of movement

    CARICOM grants deferral to 2 member countries on freedom of movement

    Two Caribbean Community (CARICOM) countries have been granted a five year deferral on the freedom of movement of Caribbean nationals under the CARICOM Single Market and Economy (CSME) that allows for the free movement of goods, skills, labour and services across the 15-member grouping, Trinidad and Tobago Prime Minister Dr. Keith Rowley has said. While…

  • Symmonds: Barbados not LIAT’s ATM

    Symmonds: Barbados not LIAT’s ATM

    NationNews – Regional airline LIAT could go belly-up in the next ten days unless CARICOM can find it a $10 million lifeline. The faltering airline needs an immediate cash injection of about US$5 million to keep flying or it could cease to operate soon. Minister of Tourism Kerrie Symmonds has also sent a warning shot…

  • Regional leaders open 2-day summit critical of Europe, reiterating position on Venezuela

    Regional leaders open 2-day summit critical of Europe, reiterating position on Venezuela

    CMC – Caribbean Community (CARICOM) leaders began their 30th inter-sessional meeting here on Tuesday with a blistering condemnation of the financial services policies of the European Union and reiterating their belief that Venezuelans alone must find a lasting solution to the ongoing political and economic situation in the South American country. Host Prime Minister and CARICOM…

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]