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Governor Antoine reappointed, Eastern Caribbean Central Bank

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The Monetary Council has approved the reappointment of Timothy N. J. Antoine as Governor of the Eastern Caribbean Central Bank.

The new five-year term commences on Monday 1st February.

In conveying the Monetary Council’s decision, Chairman of the Monetary Council Dr. Timothy Harris remarked: “The Council commends the Governor for his stewardship over the past five years and especially over the past year. Governor Antoine has led the Bank with vision, empathy and with a keen eye for innovations that have helped to lift the people of our region.”

In commenting on the Monetary Council’s decision, Governor Antoine thanked the Monetary Council for its support throughout his first term and its confidence reposed in him to continue to lead the Bank.

“It is my distinct privilege to serve the governments and people of our Currency Union. I look forward, with the support of the Council, Board and our team, to the implementation of the Programme of Action for Recovery, Resilience and Transformation and the rollout of the Bank’s new strategic plan. Our pursuit of socio-economic transformation continues.”

OECS Director General Dr. Didacus Jules applauded the reappointment of Governor Timothy Antoine, pointing to the many innovations that he has spearheaded at the Eastern Caribbean Central Bank: “Governor Antoine’s tenure has been characterized by a highly collaborative approach to the shaping of the Eastern Caribbean Economic Union. He has been a passionate champion of financial inclusion and under his watch, the ECCB is the first central bank in the world to have issued a digital version of its currency.

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“While being agile and innovative, he has nevertheless maintained the delicate balance between the boldness of vision and deliberation in action that has helped to maintain the viability of the EC Dollar in a period of unprecedented uncertainty and volatility. The OECS Commission looks forward to the deepening of collaboration with him as he embarks on his renewed mandate.”

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One response to “Governor Antoine reappointed, Eastern Caribbean Central Bank”

  1. Congratulations are in order on the appointment of Central Bank Governor Timothy Antoine to serve another term.

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]