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CABINET NOTES of Wednesday 8th May 2024

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HURST REPORTS ON CABINET of Wednesday 8 May 2024

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As is the custom, a prayer from a priest marks the opening the Cabinet meeting weekly. An earthquake shook the building as the prayer was being said; everyone stood still despite the shaking lasting approximately 20 seconds. After the prayers, the Chairman of Cabinet, Prime Minister Browne, called on the relevant authority who noted that he experienced the mild earthquake and would communicate the details with the Cabinet as soon as they were available. It was later learned that the earthquake measured 5.4 magnitude on the Richter scale, was 27.3 miles southeast of Antigua and Barbuda, at a depth of 6.2 miles. There was no report of damage.

1. The Cabinet members expressed their appreciation for the participation of thousands of citizens and residents of Antigua and Barbuda at this year’s Labour Day celebration. Although initiated by the AT&LU 73 years ago, both major political parties have continued to play essential roles in the activities of Labour Day. In fact, the Prime Minister and Leader of the Antigua Barbuda Labour Party challenged the trade union which represents 4,000 hotel workers, to be more aggressive in securing greater benefits for its paying members.

2. The Cabinet invited to its meeting two medical doctors, a pharmacist, an investor in medical marijuana, and the Rastafarian leader who suffered from stage four cancer of the prostate. The afflicted male became very ill, lost his appetite and body weight to the extent that he weighed no more than a 120lbs. The patient collaborated with a medical marijuana specialist and a traditional doctor causing him to gain more than 50lbs, to gain strength and feeling of well-being. He thanked the Prime Minister and the Cabinet for engineering the collaboration with the traditional doctor to treat his ailment. His Prostate-Specific Antigen (PSA) test showed an unusual high, indicating the severity of this deadly disease. However, the use of the medical marijuana, coupled with other treatment, caused the PSA test numbers to decline. In order to deliver effective treatment to others who may be similarly afflicted, a research and development programme has to be inaugurated at the Sir Lester Bird Medical Center (SLBMC); the laws of Antigua and Barbuda would require amendments in order to allow patients to choose this treatment.

3. The Cabinet invited 17 officials to its meeting, including the top brass of the Royal Police Force of Antigua and Barbuda, the Antigua and Barbuda Defence Force, the Organization of National Drug Control and Money Laundering Policy (ONDCP), the Fire Department, and an IT Specialist within the government service who collaborates with law enforcement; they discussed the evident increase of robberies by young males and other crimes involving the use of firearms. The Prime Minister explained that the Cabinet stands full-square with law enforcement, and resources of the Treasury are to be made available in order to stem the tide of these violent crimes. The Police Commissioner noted that there can be no statistics for crimes prevented; however, patrols and ‘Stop-and-Search’ by the Police and Military are a deterrent. The Police noted that new perpetrators of a younger age are choosing to become criminals, and to seek out victims that are easier to rob. It was agreed that all the data collected required analysis in order to determine the best strategy. Collaboration between the Antigua and Barbuda Transport Board and the Police to provide the names of owners of plate numbers is assured. The security that has been organized for the SIDS4 conference, ICC T20 World Cup, and even Carnival 2024, is in place and will deter criminal activity.  The IT Specialist provided assurance that the public cameras are working and that the monitors will show images of events that are taking place on the ground.

4. During lunch, the Cabinet held discussion with the General Manager of the Antigua Port Authority regarding concretizing the plan to turn the Deep Water Harbour into a Transshipment Port. The intent is to receive goods coming from large territories in shipping containers that are stored here, and then transferred to other island-countries in the Eastern Caribbean. The recent investment of almost USD100 million in the development of the Port at Rat Island is to turn it into a sub-regional hub for the Eastern Caribbean countries.

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i. Another trial flight by LIAT2020 will take place on May 9th, in furtherance of receiving its AOC license. LIAT2020 is weeks away from its first commercial flight.

ii. The Minister of Health reported that there are 10 abandoned elderly men and women at the SLBMC. He provided the names of the individuals and their next of kin. He reported to Cabinet that new legislation is needed to protect these elderly citizens who have been abandoned by their relatives. He proposes an ‘Abandonment of the Elderly and Protection of their Assets” Act.

iii. The Minister of Works reported that the Boys Training School is very near completion. The painting of the building was only delayed due to heavy rainfall.

iv. Work at the Tomlinson’s Public Cemetery is proceeding satisfactorily; the fence is near completion, to be followed by paved roads, a parking lot and an administrative building.

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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]