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  • Investor with interest in LIAT willing to pay portion of severance, Lovell says

Investor with interest in LIAT willing to pay portion of severance, Lovell says

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Harold Lovell is condemning the Government’s treatment of the former LIAT workers, and says his Party has found an investor willing to shoulder some responsibility for their severance payments.

The ex-employees and the Government have been at loggerheads over such payments, which remain outstanding more than a year after they were sent home.

Recently, Prime Minister Gaston Browne and Minister Lennox Weston gave the workers and their unions until the end of December to accept a 50 percent non-negotiable offer that includes cash, bonds, lands and scholarships tenable at The UWI – Five Islands.

However, Lovell says the Browne Administration is on the wrong track with its approach to the LIAT-severance issue.

Lovell says he has given a commitment that a United Progressive Party Administration “will have a totally different approach.”  To this end, he says a proper discussion with the parties is key.

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During a Trade and Investment Mission to Panama, Lovell says a potential investor expressed an interest in LIAT and in helping to pay a significant portion of the severance monies. — REAL NEWS

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2 responses to “Investor with interest in LIAT willing to pay portion of severance, Lovell says”

  1. Here we go again smh Mr. Lovell please, just stop with your bullshit sir. UPP always promising the moon and the stars and when deng get een a pure foolishness den do

  2. To. be fair, the United Progressive Party (UPP) was the most progressive Government in Antigua and Barbuda’s history. Here are a list of visible accomplishments:

    1) Built the Sir Vivian Richard Cricket Stadium and hosted Cricket World Cup.

    2) Built the New Airport Terminal and resurfaced the Runway.

    Previously refurbished the Old Airport Terminal and resurfaced the Runway.

    3) Built the New Treasury Building (almost to completion).

    4) Built alot of Fancy Pavements and Icons around St. John’s.

    5) Introduced the Utility Subsidy for old and retired people.

    6) Maintained very good roads around the country. Maintained Government’s Properties.

    7) Put People First and Showed Love for the People.

    The reason why the UPP Government experienced the Economic Slowdown in it’s Second Term was for the following reasons:

    1) UPP invested too heavily in Concrete & Mortar: in other words, too many infrastructural projects.

    2) Bringing back Personal Income Tax and introducing the ABST. The ABST was badly managed to the extent that it placed too much emphasis on reducing Cost of Groceries to the Poor, with not enough consideration given to the Reducing Gross Profit Margin earned by Supermarkets. As a result, Food City /Bryson Food Emporium and Bargain Center Supermarkets collapsed.

    3) As a result of 1) above, the UPP Government sometimes paid Salaries & Wages and Pension late.

    CONCLUSION

    I think reducing Dr. Errol Cort’s Budget and going to the International Monetary Fund (IMF) may have been the UPP’S biggest mistakes, and the cause of its failure to win a Third Term in office.
    Perhaps instead, the UPP should have soght an International Loan. But, I believe that party is capable of learning from its past mistakes.

    However, I don’t believe it is feasible to have any successful government in Antigua and Barbuda led by the Opposition that excludes the Democratic National Alliance (DNA).

    I also believe that it’s a disservice to Antigua and Barbuda that the UPP & DNA seemingly are unable to set aside their differences and come together in the National Interest.

    I think that the UPP, by itself, is incapable of winning any General Election in Antigua and Barbuda; and, if it does, such a Government could not be anymore than a One (1) Term Government.

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]