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Possible roadshow in the pipeline for LIAT

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(Observer Newsco) — A possible roadshow to encourage Caribbean governments to invest in LIAT 2020 was spoken of by  Information Minister Melford Nicholas, in the post-Cabinet briefing on Friday. CLICK HERE TO JOIN OUR WHATSAPP GROUP FOR NEWS UPDATES.

“I believe that the team that is heading the development with Air Peace was also given the responsibility of doing a roadshow in the respective member states of CARICOM, certainly within the OECS as the initiative develops, and to present to them the opportunity that comes with it,” Nicholas stated.

“Whether or not they would have an inclination to buy into the vision of LIAT 2020. What it can be with the support of any international carrier is left to be seen…” he added.

Nicholas mentioned additional information on the airline’s progress.

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“I believe through the process we have worked through to date, LIAT 2020 has been registered and the whole question of opening and operating the company accounts etc. All of that is taking place,” he said.

He also acknowledged the ongoing expansion of Caribbean Airlines and its possible impact on LIAT 2020.

“…They are now expanding their reach and modifying their aircraft to be able to serve the northern side of the Caribbean. It’s welcomed, and I believe in that sense that competition is going to help those operators provide the best service for their customers.”

During a meeting held in August 2022, the major shareholder governments of LIAT (1974) Ltd— Antigua and Barbuda, Barbados, Dominica, and St Vincent and the Grenadines— agreed to the liquidation of the airline that had been severely impacted by the Covid-19 pandemic.

They also agreed to either revamp the airline or create another airline, which led to the emergence of LIAT 2020.

Air Peace, was established in 2014 by Allen Onyema, a Nigerian lawyer and businessman. Currently, it is the largest carrier in West Africa, according to the airline’s inflight magazine.

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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]