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Bizjets and yachts in the Caribbean

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By Makeda Mikael

It’s May and some yachts and their jets are still hovering and dropping anchor around the Caribbean as the rich, the famous and the royals linger after the bumper season, some clearly don’t want to go home.

But then in these times of COVID the safest home is on your yacht in the Caribbean with the bizjet safely hangared or on the secure ramp on the island; the following yacht with helicopter and toys moved around as needed.

Slowly the beautiful and safe Caribbean is attracting a section of the 1% whose yachts generally clog the harbours of the Mediterranean with their accompanying aircraft on the many airports.

The safety of the region is assured by the constant overhead commuter aircraft like LIAT which has contributed to the aerial oversight for yachts sailing between the islands.

Antigua is the home to the respected Mill Reef Club established after WW2 with holiday homes for extremely well positioned Americans (wealthy), and more recently other first world personages, several of whom host high ranking personalities in their governments and societies.

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Jumby Bay Island is also home to a mix of ultra-rich families which accepts limited guests. Most of these families travel to Antigua by private aircraft.

The private islands tend to draw the very elite whose aircraft drop them off on the nearest jet airport where they are flown off on propeller aircraft and fast private ferries to their own private island. Their jets position whoever there is a secure and safe hangarage.

This last season the presence of America’s billionaires flying in and out of the Caribbean for meetings on their yachts, plus those seeking safe harbours and hidden coves, coming from all over the world looks like a movement towards safety.

The result of all this movement of European traffic to the Caribbean has resulted in increased private jets in the region which will demand the need for more hangars and parking space.

The safety of the Caribbean is beginning to entice the Mediterranean, and Europeans like to hangar their aircraft. There are not many locations around which offer the attributes of Antigua, which has the basic infrastructure of a 9000 ft Runway intersected by the FBO development area on Runway 10 (Dis-Used). Plus the largest corporate hangar in the Eastern Caribbean (30,000 sq.ft.)

Antigua is located midway in the chain of islands and has been strategic in shipping and aviation routes and an important commercial aviation gateway to USA, Canada, Europe, and in addition accommodates corporate traffic direct from Russia, China, Emirates, Brazil, Argentina and other less know but distant locations.

Antigua is the only location of its kind in the region with parking on a peninsula, which allows for seamless Bizjet-to-Yacht facilitation.

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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]