Antigua Breaking News

Category: Business

  • LIAT ex-workers again plead with Govt for help

    LIAT ex-workers again plead with Govt for help

    SOURCE: Barbados TODAY — Former LIAT employees in Barbados and the rest of the region have again cried out for financial help for them and their struggling families as they continue to wait on millions of dollars in unpaid salaries and pensions. Hundreds of workers were terminated late last year while the airline has undergone…

  • Dr. Gene Leon elected President of Caribbean Development Bank

    Dr. Gene Leon elected President of Caribbean Development Bank

    The Board of Governors of the Caribbean Development Bank (CDB) has elected Dr. Hyginus ‘Gene’ Leon to serve as the next President of the multi-lateral institution. Dr. Leon’s appointment will become effective on May 1, 2021.  He will succeed Dr. Wm Warren Smith who has been at the helm of the regional financial institution for…

  • WIOC to launch road-show ahead of divestment of shares

    WIOC to launch road-show ahead of divestment of shares

    The West Indies Oil Company (WIOC) will launch a major ‘road-show’ ahead of the much-anticipated divestment of its shares to members of the public. Well-placed government sources say the road show is designed for the company to educate and inform the public of all they need to know about the process of investing in the…

  • Hermitage Bay adds on-site testing for COVID-19

    Hermitage Bay adds on-site testing for COVID-19

    By Caribbean Journal Staff The Hermitage Bay resort in Antigua has launched a new on-site testing program, the property said this week. The launch comes amid new CDC requirements that all returning travelers to the United States present a negative result of a test taken within 72 hours before coming back to the country. Hermitage Bay…

  • Antigua determined to ensure LIAT’s survival

    Antigua determined to ensure LIAT’s survival

    The Government of Antigua and Barbuda has defended its decision to invest in regional airline LIAT. Delivering the Throne Speech, Governor General Sir Rodney Williams said several international carriers have expressed an interest in a hub and spoke arrangement “with our regional air carrier LIAT.” “My Government is absolutely determined to ensure that LIAT survives…

  • Government accepts recommendations for new city at Willoughby Bay

    Government accepts recommendations for new city at Willoughby Bay

    Governor General Sir Rodney Williams says the Cabinet will move ahead with recommendations to make Willoughby Bay into a city. He told the Throne Speech that the 200-page Report of the ERC — entitled: One Vision, One Purpose, One Nation — that has emerged from this national think-tank, is remarkable for its clarity and vision;…

  • CBI programme successful in attracting businesses — PM Harris

    CBI programme successful in attracting businesses — PM Harris

    Prime Minister of St. Kitts and Nevis, Dr. Timothy Harris, has hailed the citizenship by investment (CBI) programme as being successful in attracting businesses to the Federation. He said that “When we look in our local domain we see a number of businesses coming on stream by Chinese, the principals behind them are all citizens…

  • WIOC shares to go on sale in February

    WIOC shares to go on sale in February

    GG’s Throne Speech: Next month, my Government will sell 10 per cent of its share-holding in the West Indies Oil Company (WIOC), following the issuance of a prospectus. Another shareholder will also sell 10 per cent of its WIOC shares, creating an opportunity for the average worker in Antigua and Barbuda to become investors in…

  • Certified, inspected tours can continue excursions to offshore islands

    Certified, inspected tours can continue excursions to offshore islands

    The Government of Antigua and Barbuda has instituted new guidelines as it pertains to use of the offshore islands. Certified & inspected tours are allowed to continue their scheduled excursions. However, Private leisure crafts utilizing the islands for party and private events are prohibited from operating.

  • Former WI captain Sammy inks perfume deal

    Former WI captain Sammy inks perfume deal

    Former captain of the West Indies Cricket team Darren Sammy and the first and only captain in history to win the T20 World Cup championship twice has signed a new licensing agreement with Asgharali, a family-owned business based in Bahrain creating high-quality fragrances since 1919. Asgharali has won the hearts of consumers worldwide and laid…

  • CAS workers awaiting millions in severance

    CAS workers awaiting millions in severance

    SOURCE: Observer Media — Upwards of 60 people who were once employed by the Caribbean Airport Services (CAS) are waiting to receive more than EC$2 million in severance payment. The Deputy General Secretary of the union representing these workers – the Antigua Barbuda Workers’ Union (ABWU) – said they have been in dialogue with the…

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]