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CABINET NOTES of Wednesday, Oct. 20, 2021

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Cabinet convened at about 10:30 am with all members attending, virtually and face-to-face.

1. The Cabinet requested the Honourable Minister of Health to provide a report on the Covid-19 situation in Antigua and Barbuda. Although he made a similar report to parliament the day prior, the Minister provided more details.

1.i. It is evident that the number of daily infections is decreasing and that is as a result of a smaller number of unvaccinated adults in the population. The Minister further reported that about 2,000 students, ages 12-17, have not yet received their Pfizer vaccine, although more than 75% of the eligible students have received their first shot.

1.ii. The United States has promised to deliver the 17, 600 doses of Pfizer vaccines; this second tranche is likely to be delivered at the end of October. A third tranche of the same amount should be delivered sometime thereafter.

1.iii. There are still thousands of AstraZeneca, Sputnik, Sinopharm and Janssen and Janssen vaccines available; hence, no adult can be exempted on the basis of the lack of vaccines. The best vaccine is the available vaccine.

2.i. The Cabinet affirmed its previous decision governing covid-19 protocols in Schools, restaurants and at the beach. All teachers returning to the classroom are to be fully vaccinated. All restaurants offering dining-in services are required to have all staff fully vaccinated and all customers fully vaccinated as well. They are to request evidence that those persons are vaccinated. Picnics and clustering at the beach are strictly prohibited at this time and will likely end when more people are vaccinated, the infection rates decrease further, and herd immunity is achieved.

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2.ii. The Minister reported that the Covid-19 vaccination card has been very well received internationally by those who have presented when travelling abroad. The Minister responsible for the production of the ID cards reported that the current level of production is 500 cards per day. However, additional equipment and licenses are shortly to be received and the production level will more than double to 1,000 cards per day. Within a short period the production will allow for cards on demand. The QR codes will be activated shortly.

3. The General Manager of APUA and three other APUA managers were invited to Cabinet to address responsibilities assigned to each of them.

3.i. The Manager responsible for broadband services reported that fiber to the home project in the southern zone is ongoing and a schedule of their progress is to be shared with customers.  The supply-chain challenge that plagues industry globally is causing a slowdown in the delivery of supplies and equipment ordered by APUA. Nationally, the Project should be completed by June of 2022. APUA will report once more to cabinet in four weeks or in mid-November on the revenue it earns from broadband services and a price structure that can fit the pockets of indigent families.

3.ii. The Manager of the Water Division indicated that the dependence on desalinated water is still paramount. However, it is evident that the revenue from water sales falls far below the production, such that APUA is persuaded that leakage and theft of water account for their losses.

3.iii. The Manager with responsibility for electricity was asked to explain recent outages. He attributed outages primarily to maintenance work which is scheduled and published each week. APUA electricity provides the water division with fiscal support, since water is a loss-leader.

4.i. The Minister of Tourism reported that dredging continues in the inner harbour of St. John’s to make the four-mile long channel and turning basin deeper and wider. The Oasis Class ships carrying 5,000+ passengers are expected to arrive on its inaugural trip by the end of December 2021. Every effort is being made to complete the work necessary and millions of dollars have been invested in getting it done.

4.ii. The Minister of Tourism also reported that Sandals is planning an expansion program here in Antigua.  It may involve a second property as well as expansion of its existing property at Dickenson Bay.

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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]