Antigua Breaking News

Category: Caribbean News

  • Former minister encouraging people “to harass and threaten me,” Trinidad PM says

    Former minister encouraging people “to harass and threaten me,” Trinidad PM says

    Prime Minister Dr. Keith Rowley Saturday described the behaviour of a former government minister as “dangerous and reckless” after he allegedly made public his telephone number “and encouraged and incited persons to harass and threaten me.” In a statement, Rowley said that Devant Magaraj, who served as a minister in the former People’s Partnership administration…

  • 1 security guard killed, 1 hospitalized following robbery at Trinidad supermarket

    1 security guard killed, 1 hospitalized following robbery at Trinidad supermarket

    Police are searching for a group of men, who killed a security guard and seriously injured another while robbing a supermarket in Laventille, along the east-west corridor on Sunday night. Police said that Jody Awai, who died at the scene, suffered extensive injuries to his head. The other security guard, who was not identified, has…

  • IDB funds water, sanitation project in Haiti

    IDB funds water, sanitation project in Haiti

    The Inter-American Development Bank (IDB) says it is providing a US$125-million grant for the water, sanitation and hygiene project in urban, peri-urban and rural areas in Haiti’s northernmost region. The Washington-based financial institution said that the project’s main goal is to improve living conditions in Haiti’s “Big North” through a series of steps. It said…

  • St Kitts Government to present national budget on Wednesday

    St Kitts Government to present national budget on Wednesday

    St Kitts and Nevis Prime Minister Dr Timothy Harris will present the 2019 national budget to Parliament on Wednesday, indicating already that the economy of the twin island Federation “is at its all-time best’. Last year, Harris tabled a fiscal package of EC$516.7 million and he says the prospects for 2019, and the medium term,…

  • Virgin launches first-ever Departure Beach location in Barbados

    Virgin launches first-ever Departure Beach location in Barbados

    The Barbados tourism product got a major boost with the opening of the Virgin Holidays Departure Beach lounge at the Copacabana, Bay Street location on Saturday. The investment, which is upwards of $1 million, is a partnership between Virgin Holidays, Copacabana and the Sun Group. Copacabana remains open for business. The departure beach provides a…

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]