Antigua Breaking News

Category: Business

  • Barbados Gov’t and Sandals at loggerheads over Beaches project

    Barbados Gov’t and Sandals at loggerheads over Beaches project

    The Barbados government says plans by the Jamaica-based Sandals Resorts International (SRI) to bring its Beaches investment project to the island, could be either “stalled or pulled” after it said the company was seeking much more concessions than had been granted by the previous administration. Prime Minister Mia Mottley, delivering her administration’s 2019-20 national budget…

  • LIAT still restructuring: PM Mottley

    LIAT still restructuring: PM Mottley

    The restructuring of LIAT is continuing, says Barbados Prime Minister Mia Mottley. In her Budget presentation today in the House of Assembly, Mottley said they were making some progress in this exercise. Earlier this month it was reported that the airline could go belly up in ten days unless CARICOM could find it a $10…

  • St. Lucia Government reiterates position on LIAT

    St. Lucia Government reiterates position on LIAT

    The St. Lucia government Monday reiterated its position that unless there’s a fundamental change to the operating structure of the cash-strapped regional airline, LIAT, Castries would not be investing financially in the airline. “If St. Lucia’s going to buy shares, it’s going to be buying shares into an entity that we know is free to…

  • Government, Carnival Cruise Lines to meet on Friday

    Government, Carnival Cruise Lines to meet on Friday

    Government will meet with representatives from the Florida-based Carnival Cruise Lines on Friday to discuss the ongoing impasse between them, Prime Minister Gaston Browne has announced. Browne, speaking on a radio programme here, said that he does not believe that the US-based company had decided to pull out of Antigua and Barbuda because of statements…

  • Antigua and Barbuda to record 3 per cent growth in 2019 – CDB

    Antigua and Barbuda to record 3 per cent growth in 2019 – CDB

    The Barbados-based Caribbean Development Bank (CDB) is projecting a three per cent real gross domestic product (GDP) in 2019 for Antigua and Barbuda. It said global economic growth slowdown is likely to translate into dampened travel demand and that buoyancy in the tourism industry will depend largely on economic prospects in the main source markets,…

  • CIBC’s ‘job shadow’ initiative a success

    CIBC’s ‘job shadow’ initiative a success

    All across the region eager young women filed into the branches and offices of regional bank CIBC FirstCaribbean to “fill” a variety of positions for the day on Friday March 8. The “job shadow” was one of the bank’s key activities across its 16-member regional footprint to mark International Women’s Day observed around the world…

  • Gov’t looking to establish medical hotel

    Gov’t looking to establish medical hotel

    Government says it has “verbally” agreed to the broad terms of a Memorandum of Understanding (MOU) that would result in the construction of a US$350 million medical hotel here. According to a statement issued following Thursday’s Cabinet meeting, non-resident Ambassador to the United Arab Emirates Gilbert Boustany brought a team of doctors, led by a…

  • Pilots renew calls for an independent audit of LIAT

    Pilots renew calls for an independent audit of LIAT

    The President of the Leeward Islands Pilots Association, Carl Burke, has asserted that it is not too late to undertake an independent audit of the regional airline, LIAT. Burke told Winn FM in St. Kitts that his association made the suggestion in 2009 to Vincentian Prime Minister, Dr. Ralph Gonsalves. Burke says that LIAT obviously…

  • Grenada to make financial contribution to LIAT

    Grenada to make financial contribution to LIAT

    The Grenada government Tuesday said it would be making a “cash contribution” to the cash-strapped Antigua-based regional airline, LIAT, less than a week after the regional shareholder governments urged Caribbean countries to contribute to the future of the island-hopping airline. “We will make a cash contribution to LIAT this month and going forward we will…

  • Symmonds: Barbados not LIAT’s ATM

    Symmonds: Barbados not LIAT’s ATM

    NationNews – Regional airline LIAT could go belly-up in the next ten days unless CARICOM can find it a $10 million lifeline. The faltering airline needs an immediate cash injection of about US$5 million to keep flying or it could cease to operate soon. Minister of Tourism Kerrie Symmonds has also sent a warning shot…

  • Union says mismanagement the main reason for LIAT’s woes

    Union says mismanagement the main reason for LIAT’s woes

    The Antigua & Barbuda Workers Union (ABWU) has blamed mismanagement over the years for the problems facing the regional airline LIAT, according to media reports. ABWU General Secretary, David Massiah, was quoted as saying that mismanagement is the main cause of LIAT’s problems. Antigua Observer reported that Massiah told a news conference this week that  LIAT…

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]