Antigua Breaking News

Category: Business

  • EC$5 Polymer Banknote in Circulation in Antigua and Barbuda

    EC$5 Polymer Banknote in Circulation in Antigua and Barbuda

    The new EC$5 polymer banknote is now available in Antigua and Barbuda. The Eastern Caribbean Central Bank (ECCB) has issued the new notes to the Antigua Commercial Bank. The ECCB launched its family of polymer notes in May 2019 with the new $50 note which features former Governor of the ECCB, the late Honourable Sir…

  • Ex LIAT workers expect resolution on severance but blast Antigua PM

    Ex LIAT workers expect resolution on severance but blast Antigua PM

    BARBADOS TODAY: Severed Barbadian employees of LIAT are anticipating a final resolution to their more than one-year-old severance payments impasse when they meet again shortly with Prime Minister Mia Mottley. Spokesman for the group, former pilot Neil Cave, at the same time lambasted Antiguan Prime Minister Gaston Browne over remarks he made on St Lucia’s…

  • PM predicts 10% growth for Antigua and Barbuda next year

    PM predicts 10% growth for Antigua and Barbuda next year

    Prime Minister and Minister for Finance Gaston Browne is predicting a return to growth for the local economy next year. He made a prediction on the economic prospects for the country while speaking on an episode of the Dadlipolitics Twitter Space. Listen to his remarks below:

  • Caribbean Union Bank employees walk off the job

    Caribbean Union Bank employees walk off the job

    Employees of both branches of Caribbean Union bank walked off the job on Wednesday. The employees took industrial action to voice their concerns about the bank’s handling of their quest for a salary increase. Their bargaining agent is the Antigua and Barbuda Free Trade Union. President Samuel James said the union is not pleased with…

  • Frontier Airlines begins service to Antigua this December

    Frontier Airlines begins service to Antigua this December

    Antigua and Barbuda will welcome the start of year-round service by Frontier Airlines for the upcoming Winter season. The US based, low-cost carrier known for its attractive rates will make its inaugural flight to Antigua on December 4. The service will operate once weekly on Saturdays with flights to Antigua’s V.C. Bird International Airport from…

  • Barbados to slash taxes by 50 per cent for regional travellers

    Barbados to slash taxes by 50 per cent for regional travellers

    Barbados will be going the same route as its Caribbean neighbour Antigua and Barbuda in slashing airport taxes for regional travellers by as much as 50 per cent. Minister of Tourism and International Transport Lisa Cummins made the disclosure this morning as she responded to a question from Barbados TODAY during the state of the…

  • All persons carrying on a digital assets business must be licensed

    All persons carrying on a digital assets business must be licensed

    The Financial Services Regulatory Commission of Antigua and Barbuda advises the general public that the Digital Assets Business Act 2020 requires all persons carrying on digital assets business, as defined by the Act, to be licensed by the Commission which is the designated and sole licensing and regulatory body for persons carrying on digital assets…

  • 33 hospitality industry professionals receive certification in Labour Relations & Human Resource Development

    33 hospitality industry professionals receive certification in Labour Relations & Human Resource Development

    The Antigua & Barbuda Hotels and Tourism Association over the past ten weeks hosted a training for hospitality Industry professionals in the areas of Labour Relations and Human Resource Development. This timely course was facilitated by Dr. Austin Josiah and presented various areas of study to include – Contemporary Labour and Industrial Relations in the…

  • Caribbean airlines cargo restores its route network

    Caribbean airlines cargo restores its route network

    The borders of Trinidad and Tobago, where Caribbean Airlines is headquartered, are set to re-open on July 17. Consequently, Caribbean Airlines Cargo will resume scheduled connectivity between several Caribbean destinations and New York and Toronto. The Caribbean carrier will transport cargo in the belly hold of its Boeing 737 and ATR aircraft on select passenger…

  • Virgin Atlantic increases capacity from Caribbean routes

    Virgin Atlantic increases capacity from Caribbean routes

    §  Flight capacity between the Caribbean and The UK is increasing by nearly 300% §  Airline is bringing forward the restart of many Caribbean flights following additions to the Government’s “Green” list §  Virgin Atlantic will bring its flagship Airbus A350 aircraft to Barbados in August, the newest and largest aircraft in the fleet §…

  • LIAT employees, families continue to get financial assistance

    LIAT employees, families continue to get financial assistance

    Parliament has given the green light for Government to take more than $11 million from the Consolidated Fund to continue assisting Barbadian ex-employees of beleaguered regional airline LIAT as well as families affected by the COVID-19 pandemic. A sum of $1.74 million will go towards ensuring that the airline workers, who were sent home last…

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]