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Pork price rose by 7% in August

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The Statistics Division, under the Ministry of Finance and Corporate Governance releases the CPI for Aug 2021.

Year-on-Year Analysis

The All Items index rose 1.1% for the twelve months ending August 2021, a smaller increase than the 2.3% rise for the period ending July 2021.

The Food index rose 2.0% over the last twelve months.

Six of the nine major supermarket food group indexes increased over the period.

The largest increase was the index for Food Products N.E.C which increased 9.7% as average price increases were observed for Salt, BBQ Sauce and Ketchup.

The index for Fruit rose 9.1% over the last year as both the indexes for Frozen, Preserved or Processed Fruit and Fresh and Chilled Fruit increased 14.0% and 8.1% respectively.

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The index for All Items Less Food and Energy rose 2.3% over the past twelve months. The indexes for Communication and Clothing and Footwear remained at 16.6% and 10.9% as was the period ending July 2021.

The index for Furnishings, Household Equipment, and Routine Household Maintenance rose 5.9%, while the Alcoholic Beverages, Tobacco, and Narcotics index increased 4.8% over the twelve months.

The index for Transport declined 5.1% as a result of a reduction in the index for Transport Services which fell 17.3%.

The index for Housing, Water, Electricity, Gas and Other Fuels and the index for Restaurant and Hotels both decreased by 2.2% as was similar in the period July 2021.

Month-to-Month Price Changes

The Monthly Consumer Price Index increased 0.2% after rising 0.4% in July.

The Food index increased 0.9% in August after remaining unchanged in July. Seven of the nine major supermarket food groups’ indexes rose over the one month.

The index for Meat and Meat Products increased 3.3% in August as the indexes for Pork and Poultry increase 7.0% and 4.2%.

The index for Oils and Fats rose 2.3% resulting from increases in the indexes for Soya Oil (21.3%), Table Butter (18.3%), and Olive oil (10.4%). The index for Fruit rose 2.0%, a larger increase than the -5.8% in July.

The Index for Fish and Seafood declined 0.8% after rising 1.2% in July. The index for Bread and Cereals decreased 0.3% over the one month.

The index for All Items Less Food and Energy remains unchanged. The Index for Alcoholic Beverages, Tobacco, and Narcotics increased by 0.6%. The index for Furnishings, Household Equipment, and Routine Household Maintenance rose 0.1% and the index for Miscellaneous Goods and Services had a marginal increase of 0.1%.

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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]