Antigua Breaking News

Day: October 9, 2020

  • Legal battle looms over PV Energy for Non-performance

    Legal battle looms over PV Energy for Non-performance

    Cabinet Notes: The General Manager, the Electricity Manager and one other APUA official were invited to Cabinet to address the issue of solar energy provision by the P.V. Energy Company. Three solar plants have been established on Antigua by that company with contracts. The APUA officials were asked to present to the Cabinet their assessment…

  • Research points to low risk for COVID-19 transmission inflight

    Research points to low risk for COVID-19 transmission inflight

    The International Air Transport Association (IATA) demonstrated the low incidence of inflight COVID-19 transmission with an updated tally of published cases. Since the start of 2020 there have been 44 cases of COVID-19 reported in which transmission is thought to have been associated with a flight journey (inclusive of confirmed, probable and potential cases). Over…

  • CIU refutes allegations of exchange of passports for shares

    CIU refutes allegations of exchange of passports for shares

    The Citizenship by Investment Unit (CIU) has become aware of statements made in the media and public domain on 26th September 2020 suggesting that 175 CIP passports were given to Mr. Xiao of Fancy Bridge Limited (FBL) in exchange for shares in the West Indies Oil Company Limited (WIOC). The Unit unequivocally denies the suggestion…

  • World Trade Organization to be led by a woman for the first time

    World Trade Organization to be led by a woman for the first time

    The World Trade Organization announced Thursday that South Korea’s trade minister and a Harvard-trained former Nigerian finance minister have qualified as the two finalists to become the next director-general, ensuring a woman in the top job for the first time. A selection committee said that Ngozi Okonjo-Iweala of Nigeria and Yoo Myung-hee of South Korea…

  • Region must seek to contain the costs from COVID-19 while waiting for a vaccine

    Region must seek to contain the costs from COVID-19 while waiting for a vaccine

    Latin America and Caribbean is the region hardest hit by the COVID-19 Pandemic, casting a spotlight on the need to protect the population while putting economies back on track. This will require a combination of public health measures and economic management, according to a new World Bank Report. The economies of the region are suffering…

  • Antigua cruise port ‘inspiring the restart of cruise tourism’

    Antigua cruise port ‘inspiring the restart of cruise tourism’

    Antigua Cruise Port has partnered with Destinations Together, a grassroots tourism support organization, to share a free 90-minute “ Cruise tourism readiness” webinar with the public on Tuesday, Oct. 13 from 10:30 am. This comprehensive presentation, entitled “Inspiring the Restart of Cruise Tourism: Antigua & Barbuda Together,” has been developed specifically for businesses and residents…

  • LIAT could return in November – Nicholas

    LIAT could return in November – Nicholas

    It is almost certain now that the Antigua-based regional carrier, LIAT, will return to the skies, perhaps as early as next month. This is the latest update from Cabinet spokesman, Minister of Information, Melford Nicholas, who said the positive news was passed on to the Cabinet by Prime Minister Gaston Browne. “The conditions are that…

  • COVID-19 in Antigua and Barbuda

    COVID-19 in Antigua and Barbuda

    By Laney Pope The Caribbean islands of Antigua and Barbuda have long been a trendy vacation spot for the rich and famous; its white beaches and clear waters attracting the likes of Oprah Winfrey, Giorgio Armani and Eric Clapton. But as the coronavirus sweeps across the globe, the once-vibrant beaches and resorts of the twin-island…

  • ABFA announces decision on 2019-2020 season

    ABFA announces decision on 2019-2020 season

    The Executive Committee of the Antigua and Barbuda Football Association (ABFA), resolved to cancel the 2019-2020 Football Season and to restructure the Premier and First Divisions. The cancellation of the season was due to the Covid-19 Pandemic which was certainly an unforeseen contingency. Consequently, and in keeping with Article 82 of the ABFA Constitution Unforeseen…

  • Wait continues for Jolly Beach staff

    Wait continues for Jolly Beach staff

    Cabinet Notes: The Receiver of the Jolly Beach Hotel reported on the offer by another group to purchase the property. The hotel has been in bankruptcy and owes the Government and many of its statutory bodies more than EC$80,000,000 in debt. It makes the Antigua and Barbuda Government the hotel’s largest debtor, and therefore causes…

  • Antigua jolted by 5.1 magnitude earthquake overnight

    Antigua jolted by 5.1 magnitude earthquake overnight

    Antigua was jolted by a 5.1 magnitude earthquake just after midnight. Here are the details from the UWI Seismic Research Centre: DATE AND TIME: 2020-10-09 00:14 am (Local Time) MAGNITUDE: 5.1 LOCATION: Latitude: 17.98N Longitude: 62.44W Depth: 10 km NEARBY CITIES: 82 km NE of Basseterre, Saint Kitts and Nevis 116 km NW of Saint…

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]