Antigua Breaking News

Day: March 14, 2019

  • American Airlines resumes service to VCBIA following temporary grounding of flights from Miami

    American Airlines resumes service to VCBIA following temporary grounding of flights from Miami

    The Antigua and Barbuda Ministry of Tourism and Investment along with the country’s Tourism Authority have announced the resumption of service by American Airlines to and from Miami following the temporary grounding of flights by the US Government of airlines using the 737 Max 8 aircraft. The airline’s Miami and New York turn service will operate tomorrow…

  • 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,…

  • Gov’t tried to make Dundas a liar. Turns out he was telling the truth

    Gov’t tried to make Dundas a liar. Turns out he was telling the truth

    The president of the Antigua and Barbuda Cruise Tourism Association (ABCTA) Nathan Dundas says more cruise lines have cancelled their scheduled calls to Antigua and Barbuda. Dundas told cruise stakeholders in an email that 14 cruise calls previously scheduled for Antigua and Barbuda for the upcoming winter season have been cancelled. According to the email,…

  • 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…

  • DNA pays tribute to the late Vincent ‘Tubby’ Derrick

    DNA pays tribute to the late Vincent ‘Tubby’ Derrick

    The Democratic National Alliance has extended “profound sympathy” to family members on the passing of Vincent “Tubby’ Derrick.” The DNA said in a statement that it relied on his wise counsel and advice during the embryonic phase of the DNA. “We will remember him for his instructive exhortations on the virtues he unflinchingly upheld and…

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]