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  • Antigua and other CDB borrowing members getting access to US$3M for PPE

Antigua and other CDB borrowing members getting access to US$3M for PPE

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The Caribbean Development Bank (CDB) is providing funds to purchase personal protective equipment needed by its Borrowing Member Countries (BMCs) to tackle the COVID-19 pandemic.
The Bank’s Board of Directors recently approved US$3 million for the procurement of these urgently needed supplies.
According to the Caribbean Disaster Emergency Management Agency (CDEMA), personal protective equipment, such as masks, goggles, gloves, and safety gowns are among the priority items required by BMCs to enhance their COVID-19 preparedness and response. CDB will centrally procure this protective equipment.
“With the disruption of supply chains, increased demand, and soaring prices, the Caribbean Development Bank will purchase personal protective equipment in bulk to achieve greater value for money and certainty of supply to front-line helpers who are fighting the COVID-19 pandemic,” said CDB Vice-President (Operations), Monica La Bennett.
The Caribbean Disaster Emergency Management Agency, the Pan American Health Organisation, and the Caribbean Public Health Agency, which are responsible for emergency response coordination for the Region’s health sector, will work closely with national governments to identify their needs.
In partnership with CDEMA, the Bank will distribute the equipment to eligible Borrowing Member Countries.
CDB’s response to COVID 19 to date includes US$140 million, which will be directed mainly towards the most vulnerable groups and give the highest priority to strengthening social safety nets in Borrowing Member Countries.

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One response to “Antigua and other CDB borrowing members getting access to US$3M for PPE”

  1. Hon. Gaston Browne, this is just a suggestion. Antigua, yes and the entire world will be facing serious economic hardship from now on. In the meantime, can’t we seek some Chinese (yes, Chinese) investors to come here right away with equipment etc to help us greatly maximize our production of face masks so that we can sell throughout our region – even to the USA. Everywhere has a shortage and are purchasing from China anyway. We can quickly convert buildings to production sites. We can even try manufacturing ventilators.

In Other News

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]