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CARICOM grants deferral to 2 member countries on freedom of movement

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Two Caribbean Community (CARICOM) countries have been granted a five year deferral on the freedom of movement of Caribbean nationals under the CARICOM Single Market and Economy (CSME) that allows for the free movement of goods, skills, labour and services across the 15-member grouping, Trinidad and Tobago Prime Minister Dr. Keith Rowley has said.

While he did not name the two regional countries, Rowley, speaking at a news conference on Sunday, reminded reporters that Port of Spain had last December hosted a special CARICOM summit on the CSME where “we got unanimous support for the acceleration towards a single market and economy.

“In that arrangement is the whole question of freedom of movement of individuals…among the territories, everybody agreed to that (but) by the next meeting, while there is commitment to that two CARICOM territories raised and asked for a deferral of the freedom of movement which that development was directing us to”.

He said these two territories were able to tell CARICOM at the two-day Inter-sessional meeting in St. Kitts-Nevis last week that “we have been practising in this before the rest of you have now agreed to do it.

“So within our borders, we have a huge amount of Caribbean people for whom no barrier was put to them. Now that we are saying it is to be policy…and legal standing is put for ease of migration these two territories found themselves saying this may generate within our borders and in some instances have already generated concerns about the balance of the population within their borders’.

Rowley told reporters that as a result the two territories “asked for a five year deferral as not to be bound legally to accept any and all who would come into their borders because the effect that would have”.

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He said this situation had only arisen “because of the size. It is not the willingness to participate or the willingness to accept the CSME as the best arrangement for us. But this effect on the smallest is a practical situation and I dare say that the rest of the CARICOM saw and understood what was being said by our CARICOM neighbours in that situation and granted the deferral”.

In the communique issued following the summit in St. Kitts-Nevis, the regional leaders said regarding the CSME that they had “reviewed progress on decisions taken” at a previous summit and that “welcomed the fact that all countries have signed the Protocol on Contingent Rights.

“In addition, eight countries have decided to apply the measures that would allow their nationals to benefit in those countries from the provisions of that agreement on contingent rights which allows for spouses and dependents of skilled workers who move to another country to access services such as education and health on the same basis as nationals”.

It said that these countries are Antigua and Barbuda, Barbados, Dominica, Grenada, Guyana, St Kitts and Nevis, St. Lucia, St Vincent and the Grenadines and Trinidad and Tobago

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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]