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ECAB donates to COVID-19 Relief Grant Aquaponics Programme

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The Eastern Caribbean Amalgamated bank (ECAB) has once again demonstrated what it is to be a good corporate citizen by its donation of twenty-five thousand dollars to the Covid-19 Relief Grant Aquaponics Programme; a project being spearheaded by the Ministry of Social Transformation, Human Resource Development and the Blue Economy.

This money will afford five households the opportunity to set up their own aquaponics systems allowing them to become self-reliant especially during these unprecedented times.

During a short handover ceremony on Tuesday at the Lincolns Farm in Newfield, Minister of Social Transformation, Human Resource Development and the Blue Economy, Dean Jonas expressed gratitude to the bank for its commitment to ensuring that Antiguans and Barbudans remain resilient even during these times.

He encouraged persons especially those with disabilities to become involved in aquaponics as it is less labour intensive as opposed to the traditional method of farming.

“For persons who are disabled, because of the low requirement for back breaking work, many persons with disabilities can become involved, this will be my Ministry’s focus going forward”, the Minister said.

Minister Jonas added that there are many benefits to be derived from aquaponics and has called on others to jump onboard as food security should be our main aim at this time.

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“Aquaponics is growing rapidly across the world and we want local entrepreneurs to realize that there is an opportunity here for the year round growing of plants and animals for food production as food security must become a priority here for us in Antigua and Barbuda”, he noted.

Meantime Manager of ECAB Michael Spencer says that this year has been one of challenges almost on every front in our beloved country of Antigua and Barbuda. However he noted that rather than succumbing to these challenges, our people and institutions have been inspired to respond in ways that were never anticipated or thought possible.

Making reference to the partnership between his institution and the Ministry of Social Transformation, Mr. Spencer stated that it is indeed timely given the impact COVID-19 had on the country’s food supply over the past few months.

“By ensuring the success of this initiative, Antigua and Barbuda will be less reliant on external sources for produce. It is also impressive, that the goal will be achieved by employing the modern day technique of farming”, stated.

Spencer added, “This initiative will place the participants in a winning position to provide for their families through food security, income generation and healthier diets.”

“Additionally we anticipate that the initiative will foster community development as the program participants will share their knowledge and their skills acquired through this project”, Spencer concluded.

To prepare for the project, the participants have been involved in a rigorous training programme, facilitated by Wayne Gardner owner of Lincolns Aquaponics Farm in New Field.

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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]