Antigua Breaking News

Top Trusted News Source in Antigua

Search
Previous slide
Next slide

Antigua and Barbuda ventures into South American Market

Share this article:

Facebook
Twitter
Pinterest
LinkedIn

As 2019 tourism arrivals for Antigua and Barbuda show positive growth, the Antigua and Barbuda Tourism Authority (ABTA) continues to aggressively explore non-traditional markets for the destination with the goal of growing tourism arrivals and introducing potential new visitors to the destination.

This was the aim of representatives from the Antigua and Barbuda Tourism Authority and South America Venture (SAV) Ltd, as they attended the 38th Annual ANATO VITRINA TURISTICA, under the motto: “Colombia Open to the World”, which brings together over 40 countries and all regions within Colombia, with approximately 1,200 exhibitors and co-exhibitors, and over approximately 16,000 professional visitors. It is one of the largest tradeshow events held within the South American market.

In 2018, the Government of Antigua and Barbuda established bilateral trade relations and provided visa waiver access between Colombia and Antigua and Barbuda. Improved relations between the two countries have opened a gateway between South America and Antigua and Barbuda, using the destination’s strategic position, to make it a hub for travelers between South America and the Northern Caribbean.

Minister of Tourism and Investment, Charles Fernandez said, “This new tourism foray into the growing South American Market is part our strategic push to increase visitor arrivals in the slower summer periods and to carve out a competitive niche for ourselves. Our efforts to introduce Antigua and Barbuda to the Colombian travel trade and consumer will shortly begin to pay dividends.”  

ABTA Regional Marketing Consultant, Charmaine Spencer and Managing Director of South America Venture Ltd, Maria Britto-Bettini met with several leading Latin American tour operator companies, tourism boards, regional airlines, travel agents, media professionals and destination management companies to promote the new hassle-free travel from South America to the Caribbean.

“We are looking at diversifying our markets, to encourage more opportunities for tourism business during the traditionally slower periods, events like the ANATO Vitrina Turística tradeshow allows us to aggressively build greater awareness and promotion to increase business for Antigua and Barbuda outside of our traditional source markets,” noted Spencer.

Through the joint promotional efforts of both entities, and support from various local stakeholders, destination packages for Antigua and Barbuda were developed to promote a variety of local activities, tours and attractions to Colombia and the wider Latin American market.

With over 100 million persons residing within Central and South America there is great potential for tourism benefits, including visitors and increased trade. However, due to the lack of direct airlift and past visa requirements business between the Caribbean and South America was restricted.

Be part of the conversation.

Let us know what you think by adding a comment below. Click here to start now!

Improved relations established last year between the governments of Antigua and Barbuda and Colombia, and the possible introduction of a charter, will provide much needed direct access between Antigua and Barbuda and South America.

“This opening of doors between our countries will provide significant benefits for the entire community, with greater possibilities to increase business within the tourism sector as well as for entrepreneurs looking to access new markets for products” explained Britto-Bettini.

Colombians travelling to countries for which they no longer need a visa has steadily grown, resulting in advancements in the tourism sector, as well as in employment generation and foreign currency revenue.

Share this article:

Facebook
Twitter
Pinterest
LinkedIn

Join the Conversation!

Comments are closed.

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]