Category: Local News

  • Antigua successfully hosts regional netball tournament

    Antigua successfully hosts regional netball tournament

    Antigua and Barbuda is receiving increased attention with the hosting of the Jean Pierre Caribbean Youth Netball Tournament at the YMCA Sports Complex which began on March 29 and concludes today. The tournament which has attracted over 100 participants and their management teams from seven Caribbean countries including Antigua and Barbuda is in its 19th…

  • Saint Lucia Economist: ‘Let Successful Business Gurus Manage LIAT’

    Saint Lucia Economist: ‘Let Successful Business Gurus Manage LIAT’

    Saint Lucia Times – Former Director of International Trade and Investment in the Saint Lucia Government service, David Jordan, has said that the most recent public pronouncements of both the current Prime Minister and the Leader of the Opposition of Saint Lucia on loss-making regional airline, LIAT, offer nothing innovate to ensure success and viability of…

  • Under Julie Reifer-Jones’ leadership, LIAT is facing its worst financial crisis

    Under Julie Reifer-Jones’ leadership, LIAT is facing its worst financial crisis

    By Bert Wilkinson Separated by large tracts of the turquoise blue waters of the Caribbean Sea, people in the tiny tourism dependent Eastern Caribbean islands rely heavily on small island-hopping commuter airlines to move around the region. So it is no surprise that a cartel of governments in that part of the region is struggling…

  • YIDA updates Cabinet on Guiana Island project

    YIDA updates Cabinet on Guiana Island project

    The architect supervising work for the YIDA project at Coconut Hall and Guiana Island has reported that eight miles (5km) of road, four lanes wide, are being constructed on the Antigua side of the project. He told Cabinet that two lanes will be paved within the next two weeks; the planting of utilities below the…

  • ACB to reopen Barbuda agency by June

    ACB to reopen Barbuda agency by June

    Antigua Commercial Bank (ACB) says it will be increasing the level of services offered to the people of Barbuda, by restoring onside services at the original Barbuda Agency location by June 2019. ACB says the commencement of restoration works on the building will start in April; and the estimated time of completion is eight weeks.…

  • Op-Ed: Women’s empowerment is not a women’s issue, it is everyone’s issue

    Op-Ed: Women’s empowerment is not a women’s issue, it is everyone’s issue

    By Patricia Scotland – Commonwealth Secretary-General Enala Ngulu was married to a man of 47 who had two other wives. She was 13-years-old. At a time when she should have been in school, learning about the world, she was forced to grapple with adult responsibilities like marriage and childbearing. At 15, Enala gave birth to…

  • TODAY’s Editorial: What A Waste!

    TODAY’s Editorial: What A Waste!

    By Audley Phillip A debate has been raging throughout the country about the system failures that have allowed two containers of relief supplies intended for the people of Barbuda to be recently dumped. My sources tell me that included in the lot was several cases of drinking water and other food items. I was upset to learn that…

  • Teachers urged to take legal action against police

    Teachers urged to take legal action against police

    The Antigua and Barbuda Union of Teachers (ABUT) says it is encouraging teachers who were allegedly stripped searched by police officers investigating a robbery at a school to pursue legal action. ABUT secretary general, Ashworth Azille, said the advice to pursue the legal action came after the police failed to respond to the allegations made…

  • The Antigua and Barbuda Readers’ Choice Book of the Year Is…

    The Antigua and Barbuda Readers’ Choice Book of the Year Is…

    The Wadadli Youth Pen Prize congratulates Vivian Luke, whose book, F.A.K.E., netted the most votes in its #readAntiguaBarbuda #voteAntiguaBarbuda Book of the Year initiative. On being informed of the news, Luke said in a statement, “Thank you to everyone who took the time to vote for my book…  Writing is a gift but the ability…

  • Celebrating Reggae in the Park 10

    Celebrating Reggae in the Park 10

    Tuesday, April 30th marks the 10th edition of Reggae in The Park, the annual mid-regatta concert during Antigua Sailing Week (ASW).  To highlight the milestone of this anticipated musical event, the regatta will host it’s first ever Reggae in The Park Race Day with race starts at 10 a.m.  To further celebrate this epic event,…

  • More reports of babies burned in Intensive Care Unit at MSJMC

    More reports of babies burned in Intensive Care Unit at MSJMC

    More reports are emerging of babies being burned while receiving treatment in the Neonatal Intensive Care Unit (NICU) at Mount St John’s Medical Centre. A third mother now says her baby was badly burned on the right hand. “My son was born December 16th 2014 via C section. After birth he wasn’t eating as 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]