Category: Caribbean News

  • Barbados police charge Romanian visitors with money laundering

    Barbados police charge Romanian visitors with money laundering

    Police on Friday arrested and charged two Romanian visitors with money laundering. They have been identified as Sorin Ghiriti, 30, who was also charged with theft and going equipped; and Gheorghe Dumitru Durdea, 35, who was also charged with going equipped. Going equipped refers to any person, when not at his place of abode, has with…

  • ‘Disappointing progress’ on new flight path for LIAT – CDB

    ‘Disappointing progress’ on new flight path for LIAT – CDB

    The Caribbean Development Bank (CDB) has weighed in on the slow pace of restructuring of regional airline LIAT, which is owned by Barbados and three other Eastern Caribbean Governments. CDB President Warren Smith said he was “disappointed” with progress towards executing a plan the bank funded to stem losses, improve efficiency and reverse a sharp decline…

  • A “Venezuelan owned” solution: too much to hope?

    A “Venezuelan owned” solution: too much to hope?

    By Sir Ronald Sanders (The writer is Antigua and Barbuda’s Ambassador to the United States and the Organisation of American States.  He is also a Senior Fellow at the Institute of Commonwealth Studies at the University of London and Massey College in the University of Toronto. The views expressed are entirely his own) Commentators in western…

  • More hunters sign up for iguana cull in Cayman Islands

    More hunters sign up for iguana cull in Cayman Islands

    More than 100 new iguana hunters have signed up to take part in the islandwide eradication effort following another appeal for more hunters from the Department of Environment. Head of the DOE’s terrestrial resources unit, Fred Burton said the weekly cull totals had dropped from around 30,000 each week in the early months of the…

  • CDB President calls for resilience, transformation to drive Regional economic growth

    CDB President calls for resilience, transformation to drive Regional economic growth

    Although grappling with challenges related to climate change; wide fiscal deficits and high public debt; as well as high unemployment, the Caribbean Development Bank (CDB) today projected that the Region’s economy is expected to grow by 2 per cent in 2019. CDB President, Dr. Warren Smith shared the Bank’s forecast at its Annual News Conference, held…

  • Former LIAT employee awarded US$1.55 million in age discrimination case

    Former LIAT employee awarded US$1.55 million in age discrimination case

    Virgin Islands Daily News – A former LIAT employee fired as a result of age discrimination was awarded $1.55 million in damages by a jury on St. Croix on Tuesday. “I think the message it sends is that there’s no place for age discrimination in the Virgin Islands, and LIAT fired a man who worked…

  • New initiative to end political violence in Venezuela

    New initiative to end political violence in Venezuela

    Caribbean Community (CARICOM) leaders have joined their counterparts from Mexico and Uruguay in formalising a plan to address the complex situation that relates to Venezuela, through an initiative called the Montevideo Mechanism. A statement issued by the Office of the Prime Minister in Trinidad and Tobago, noted that the initiative is a response to a…

  • New oil discoveries in Guyana

    New oil discoveries in Guyana

    Guyana Wednesday announced that the US-based oil giant ExxonMobil had made two additional discoveries of oil offshore Guyana building on the previously announced estimated recoverable resource of more than five billion oil-equivalent barrels on the Stabroek block. “This continues to be positive news for the people of the Co-operative Republic of Guyana, but the real…

  • Opposition protest, calls for general elections in Guyana

    Opposition protest, calls for general elections in Guyana

    Opposition Leader, Bharrat Jagdeo, Tuesday led supporters of the main opposition People’s Progressive Party (PPP) in a demonstration near the Guyana Elections Commission (GECOM) calling for fresh general and regional elections, as the government made good on its plan to file an appeal against a High Court ruling that re-affirmed its downfall following a vote…

  • Venezuela crisis: US sending aid ‘at Guaidó’s request’

    Venezuela crisis: US sending aid ‘at Guaidó’s request’

    The US says it is sending aid to crisis-hit Venezuela following a request from Juan Guaidó, the opposition leader who has declared himself interim president. Guaidó’s move last month won swift backing from the US and others but triggered a power struggle. Venezuela’s President Nicolás Maduro has accused him of mounting a coup and retains…

  • Give Uruguay Meeting a chance to bring settlement to Venezuela crisis

    Give Uruguay Meeting a chance to bring settlement to Venezuela crisis

    By Sir Ronald Sanders (The writer is Ambassador of Antigua and Barbuda to the United States and the Organisation of American States.  He is also a Senior Fellow at the Institute of Commonwealth Studies at the University of London and at Massey College in the University of Toronto.  The views expressed are entirely his own) The Heads…

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]