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  • SKN Attorney General Identifies Key Focus Areas for Growth and Resilience in Keynote Address at ECCU Meeting

SKN Attorney General Identifies Key Focus Areas for Growth and Resilience in Keynote Address at ECCU Meeting

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The Sixth Meeting of the ECCU Attorneys General and Chief Parliamentary Counsel convened on April 25, 2024, under the theme “Achieving Growth and Resilience – A New Vision for the Legal System in the ECCU.”

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Chaired by the Governor of the Eastern Caribbean Central Bank (ECCB), Timothy Antione, the gathering aims to chart a course for legal reform to drive economic prosperity and societal stability across the Eastern Caribbean Currency Union (ECCU).

Garth Wilkin, St. Kitts and Nevis Attorney General, gave the keynote address and emphasized the critical role of legislative reform in creating fertile ground for economic growth and resilience in the ECCU. Attorney General Wilkin highlighted the importance of the ECCB in that process in a metaphoric example.

“Our discussion today really is about what fertilizers we, as the leaders of legislative reform, can inject into the socio-economic soils of our region for our societies and economies to not only grow rapidly but to become resilient enough to resist the external environment, over which we have little control. What the ECCB does, through strategic policy development and implementation, is provide the water to assist the process of maturity and sustainability, once the plant has sprouted. Both roles go hand-in-hand,” said Attorney General Wilkin.

Wilkin highlighted three key focus areas to achieve growth and resilience in the ECCU: digital transformation, maintenance of high ethical standards and good governance, and commitment to harmonization of laws. He underscored the importance of digital infrastructure and robust regulatory frameworks to support digital transformation initiatives, emphasizing the need for comprehensive laws on data protection, e-commerce, and cybersecurity.

On the topic of good governance, Attorney General Wilkin highlighted the Government of St Kitts and Nevis’ commitment to transparency and accountability, citing recent legislative enactments such as the Anti-Corruption Act and the Whistleblower Protection Act. He urged other ECCU member states to enact similar legislation to promote ethical standards and transparency in governance.

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Regarding the harmonization of laws, the Attorney General acknowledged the progress made by ECCU member countries in implementing the Legislative Reform Programme proposed by the ECCB. However, he called for expedited passage of harmonized laws and suggested that more regular meetings of Attorneys General and Chief Parliamentary Counsel could provide a forum to address challenges and achieve consensus on proposed legislation.

In conclusion, Wilkin expressed optimism that through collaboration and proactive legislative reform, the ECCU member territories could achieve the growth and resilience needed to withstand global uncertainties. He called on is fellow Attorneys General to push for a shared vision for legal systems in the ECCU, ensuring that the ECCB’s efforts could continue to benefit the region’s socio-economic development.

The first day of the meeting concluded with a commitment from attendees to further discuss and implement the recommendations proposed by the Attorney General, with a view to fostering a more resilient and prosperous ECCU.

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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]