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Caribbean intra-regional travel down by more than US$1 billion

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Noting the loss of over US$1 billion in 2021 because of a stagnation in travel between the region’s destinations, the Caribbean Hotel and Tourism Association (CHTA) recommends a concerted effort by Caribbean government and private sector leaders to boost intra-regional travel, while fostering greater parity, clarity and consistency for travel.

While international travel to the region has rebounded to 75 percent of pre-pandemic levels, intra-regional business and leisure travel has dropped to around 30 percent, with smaller Caribbean economies and small businesses hit particularly hard, according to CHTA President Nicola Madden-Greig.

Stimulating intra-regional travel, asserted Madden-Greig, would dynamize higher local spending, boost trade in local goods and services, increase government revenues and revitalize local economies.

Among the steps proposed for revitalizing sluggish local economies were increasing services to revive regional air travel, reducing COVID-19 testing costs, cutting testing time, and shrinking long isolation periods. CHTA also recommends an air travel tax/fee holiday or reduction, similar to that which was proposed to Caribbean leaders by Antigua and Barbuda’s Prime Minister Gaston Browne, who is leading by example with fee reductions for his country.

Additionally, more uniform and consistent regional travel protocols would reduce traveler uncertainty, while health safety diligence and increased vaccinations were key to speeding up the return of local festivals and events, key elements of intra-regional travel.

Regional travelers include Caribbean residents visiting family and friends; attending holiday events, weddings, funerals, reunions and homecomings; conducting business; selling goods and services; participating in training and meetings; and enjoying vacations, festivals, sports and other events.

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Reiterating the importance of consistency, CHTA, which speaks for private sector tourism stakeholders, recommended eliminating travel barriers that add significantly to travelers’ cost and uncertainty, and putting into place low-risk protocols to stimulate travel.

Such protocols would include asking all travelers in the region to provide proof of a negative COVID-19 antigen test result 24 hours prior to departure when traveling from one Caribbean Community (CARICOM) country to another.

CHTA also recommended the elimination of on-arrival testing – and pre-departure testing (when returning home) – for fully vaccinated asymptomatic travelers within CARICOM jurisdictions, while non-vaccinated travelers would be required to comply with the standard protocols for international travelers.

Reducing the profusion of taxes and fees leveled on travelers would be a major boost to intra-regional travel, and CHTA repeated its call for a reduction of travel taxes and fees – a move which the association stated was hailed by various organizations, including the Caribbean Development Bank.

CHTA also reported movement by some governments on working with major regional airlines and the accommodations sector to launch travel incentives to promote intra-regional travel.

The measures being proposed by CHTA met with receptivity by regional air carriers, who indicated that the return of intra-regional travelers is critical to their viability.

“Despite the pandemic we have added four new destinations in the Eastern Caribbean, adding even greater connection points and increasing the ability of business and leisure travelers to move seamlessly throughout the region. We welcome efforts by governments and private sector partners to put in place additional measures which will support and stimulate the return of intra-Caribbean travel,” stated Trevor Sadler, CEO of interCaribbean Airways.

CHTA President Madden-Greig also cited the broad impact intra-regional travelers have on local economies, spending at a high level on local goods and services and moving around the community more than travelers from outside the region. “We know that the economic and social linkages are stronger, and the leakages are less as more of the revenue circulates within our countries and territories, benefiting a range of businesses beyond just the accommodations sector,” stated Madden-Greig.

CHTA also called on regional airlines such as Bahamasair, Caribbean Airlines, Cayman Airways, interCaribbean Airways and LIAT to work collectively with both the public and private sectors to seamlessly stimulate intra-regional travel. “It is not beyond us to get this done,” Madden-Greig reiterated.

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One response to “Caribbean intra-regional travel down by more than US$1 billion”

  1. When fully vaccinated and boosted people with negative test results cannot get from Trinidad to Nevis in a day, it was actually 28 hours, and a nightmare of a trip, I think you have a problem larger than Covid. I’ve heard this nightmarish travel story many times since last year. It’s not just Covid. Liat, Caribbean, airways, et al, are cancelling more flights than they are flying. Why is that? Do governments have to begin to subsidize all flights in the Caribbean?

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]