Antigua Breaking News

Category: Business

  • Gov’t enters into multi-million dollar agreement with London-based group

    Gov’t enters into multi-million dollar agreement with London-based group

    The Antigua and Barbuda government has defended its decision to enter into a multi–million dollar agreement with Global Ports Holdings (GPH) for the development of the cruise port in the capital. Prime Minister Gaston Browne said that the US$83 million agreement with the London-based GPH will change the landscapes of the island. The agreement allows…

  • PM hopes LIAT appeals million dollar award

    PM hopes LIAT appeals million dollar award

    Prime Minister Gaston Browne says he hopes the Antigua-based regional airline, LIAT, would appeal the US$1.55 million in damages awarded to a former employee by a jury in the United States Virgin Islands earlier this month. William Cherubin took the cash-strapped airline to court in St. Croix claiming he had been dismissed because of his…

  • ‘Disappointing progress’ on new flight path for LIAT – CDB

    ‘Disappointing progress’ on new flight path for LIAT – CDB

    The Caribbean Development Bank (CDB) has weighed in on the slow pace of restructuring of regional airline LIAT, which is owned by Barbados and three other Eastern Caribbean Governments. CDB President Warren Smith said he was “disappointed” with progress towards executing a plan the bank funded to stem losses, improve efficiency and reverse a sharp decline…

  • CDB President calls for resilience, transformation to drive Regional economic growth

    CDB President calls for resilience, transformation to drive Regional economic growth

    Although grappling with challenges related to climate change; wide fiscal deficits and high public debt; as well as high unemployment, the Caribbean Development Bank (CDB) today projected that the Region’s economy is expected to grow by 2 per cent in 2019. CDB President, Dr. Warren Smith shared the Bank’s forecast at its Annual News Conference, held…

  • Former LIAT employee awarded US$1.55 million in age discrimination case

    Former LIAT employee awarded US$1.55 million in age discrimination case

    Virgin Islands Daily News – A former LIAT employee fired as a result of age discrimination was awarded $1.55 million in damages by a jury on St. Croix on Tuesday. “I think the message it sends is that there’s no place for age discrimination in the Virgin Islands, and LIAT fired a man who worked…

  • Cruise tourism industry set for steady growth in 2019 and beyond

    Cruise tourism industry set for steady growth in 2019 and beyond

    With the 2018 cruise figures already surpassing those of the year prior with a recorded 792,873 visitors, Tourism officials are buoyant regarding the prospects for 2019 and beyond. According to Minister of Tourism Charles Fernandez, “the 2018 cruise tourism’s performance was an historic achievement under this administration…it is the best result in the annals of…

  • LIAT, Caribbean Events form partnership

    LIAT, Caribbean Events form partnership

    Caribbeanevents.com, the recently launched website featuring events and festivals scheduled throughout the Caribbean is happy to announce their partnership with LIAT, The Caribbean Airline and the region’s leading carrier serving 15 destinations. This partnership is timely as the calendar of Caribbean events and festivals have grown significantly and CTO has declared 2019 as the Year…

  • Antigua and Barbuda and Malta discuss Citizenship by Investment programmes

    Antigua and Barbuda and Malta discuss Citizenship by Investment programmes

    Prior to the commencement of the World Economic Forum at Davos on Wednesday, Prime Minister Gaston Browne held a bilateral meeting with the Finance Minister of Malta, Edward Scicluna. A government-issued news release said the main items on the agenda for discussion were the various initiatives being taken by the European Union (EU) which could…

  • PM Browne in Davos, Switzerland for series of meetings

    PM Browne in Davos, Switzerland for series of meetings

    Prime Minister Gaston Browne is this week in Davos, Switzerland where he will participate in a series of meetings and high level panel discussions on citizenship and investment. Prime Minister Browne will meet with principals of Henley and Partners, the organisers of the multi-stakeholder dialogues in Davos.  He will also meet with Dr. Khalid Koser,…

  • Sandals pulls out of major hotel project in Tobago

    Sandals pulls out of major hotel project in Tobago

    Sandals Resorts International (SRI) Tuesday, citing “constant and ongoing negative publicity” has withdrawn its participation in the establishment of a multi-million dollar resort on the island of Tobago. “So it is with great sadness and it is very unfortunate that we had to take this step (but) we believe it is best at this point…

  • Scotiabank officials meet with St. Kitts-Nevis PM

    Scotiabank officials meet with St. Kitts-Nevis PM

    Prime Minister Dr. Timothy Harris Wednesday held “cordial and productive discussions’ with officials of the Trinidad-based Republic Financial Holdings Limited (RFHL) and representatives of Scotiabank regarding the move to acquire Scotiabank operations in several Caribbean countries. Last November, the RFHL announced that it was seeking to acquire Scotiabank operations even as Antigua and Barbuda and…

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]