Antigua Breaking News

Category: Business

  • LIAT to operate scheduled flights to BVI 5 days per week

    LIAT to operate scheduled flights to BVI 5 days per week

    Regional airline, LIAT has confirmed that it will be conducting flights five days a week into the Terrance B Lettsome International Airport (airport code: EIS) when it resumes its services to the territory on Dec. 31. Responding to questions from BVI News, LIAT said scheduled flights in and out of the BVI will run from…

  • WIOC rolls out ultra-low Sulphur diesel across its entire network in Antigua and Barbuda

    WIOC rolls out ultra-low Sulphur diesel across its entire network in Antigua and Barbuda

    The West Indies Oil Company Limited (WIOC) continues to extend the frontiers in delivering the best value to our customers. The exclusive supplier of all petroleum products in Antigua and Barbuda is delighted to announce that Ultra Low Sulphur Diesel (USLD), a fuel-efficient and high-performance diesel can now be purchased at all locations across its…

  • Swiss hand over remaining $150 million to U.S. from massive Allen Stanford Ponzi scheme

    Swiss hand over remaining $150 million to U.S. from massive Allen Stanford Ponzi scheme

    Switzerland will return $150 million from blocked Swiss bank accounts by the end of the year to the United States to be given to victims of convicted Ponzi scheme con artist Robert Allen Stanford, the Federal Ministry of Justice said on Monday. Stanford, a former Texas financier known primarily by his middle name, was convicted…

  • Digicel solidifies financial support for signature RCA’s initiative

    Digicel solidifies financial support for signature RCA’s initiative

    The Rotary Club of Antigua (RCA) is pleased to announce that one of its corporate partners, Digicel Antigua, has stepped forward to sponsor one of the Club’s signature programmes, for the next six months. The telecommunications provider’s Senior Marketing Executive, Shari Dickenson-Matthew recently presented a cheque in the amount of $EC 15,000 to the Club’s…

  • Eastern Caribbean dollar remains strong, ECCB governor says

    Eastern Caribbean dollar remains strong, ECCB governor says

    Governor of the Eastern Caribbean Central Bank (ECCB), Timothy Antoine, says the currency in the sub-region, remains “very strong” amid the economic fallout from the current COVID-19 pandemic. In his Christmas message, Antoine  pointed to the currency’s strength and highlighted it among ‘many achievements’ for which the ECCB can be justifiably proud. “Our EC dollar remains…

  • LIAT to resume flights to BVI on December 31

    LIAT to resume flights to BVI on December 31

    Residents in the British Virgin Islands will only have to wait a few more days to board a LIAT aircraft as the regional airline has announced the resumption of services to the territory at the end of this month. The regional airline, which is undergoing a major restructuring process, made the announcement in a brief…

  • LIAT’s ex-pilots make fresh severance bid

    LIAT’s ex-pilots make fresh severance bid

    Former pilots of regional airline LIAT have renewed their calls for severance payments and other outstanding money’s due to them to be paid. Saying that nine months had passed since hundreds of workers had been laid off by the airline which has gone into administration, president of the Leeward Islands Airline Association (LIALPA), Patterson Thompson,…

  • LIALPA wants monies owed to LIAT pilots

    LIALPA wants monies owed to LIAT pilots

    It has been nine months since 500 odd workers of LIAT (1974) Ltd were temporarily laid off on April 1st as a Covid-19 precautionary measure. And for seventy-eight members of LIALPA, this temporary termination was not in keeping with the provisions of the Collective Agreement between the Company and the Association, and we instituted legal…

  • LETTER: Where are the unions representing LIAT workers?

    LETTER: Where are the unions representing LIAT workers?

    DEAR EDITOR: As the saga of LIAT’ troubled life plays out once again in the BDO led administration there has been little or no press campaign by the unions that represent workers across the region. Outside of The Water Front Allied Workers Union and LIALPA, the other LIAT employee unions have not been heard over…

  • Pringle: Go back to the IMF

    Pringle: Go back to the IMF

    Leader of the Opposition, Jamale Pringle, wants the government to return to the International Monetary Fund (IMF) to borrow money to meet its shortfall in revenues. Speaking on the Antigua Commercial Bank (ACB) loan agreement bill in the House of Representatives, Pringle said he did not support the government borrowing the $126 million at an…

  • Canada halts flights from U.K. in response to new coronavirus strain

    Canada halts flights from U.K. in response to new coronavirus strain

    Canada joined several European nations in halting flights from the U.K. on Sunday in an effort to prevent a new, more contagious strain of the coronavirus from spreading to this country. CBC News obtained a Notice to Airmen (NOTAM) issued by Transport Minister Marc Garneau stating that all commercial, private and charter flights transporting passengers from the U.K. will be…

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]