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  • Smith says PM should resign on account of the economy in which all classes are struggling

Smith says PM should resign on account of the economy in which all classes are struggling

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(REAL News) –  All Saints West MP Anthony Smith, Junior is calling for the resignation of Prime Minister Gaston Browne.

He made the call from the platform on Monday night, at a rally held in support of his colleague, St. Mary’s South candidate Kelvin “Shugy” Simon.

It was Simon’s resignation from the House of Representatives that paved the way for the by-election slated for October 24.

But Smith says Simon should not have resigned on June 7.

Instead, the resignation should have come from PM Browne and his administration, since they have been such big failures.

Smith charges that they have messed up the economic fortunes of the country, among several other missteps that have left the people struggling.

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He notes that living in Antigua and Barbuda today is hard for even members of the business community, for whom things continue to decline.

In fact, the MP says, everyone – the poor, the middle, and the upper classes, included – is trying to make ends meet on a daily basis.

According to him, after making payments on their mortgage and car loans, among other debts, many in the middle class have no money to save or invest in a worthwhile venture.

Smith points out that the less fortunate are faring the worst – having to decide whether to pay their bills or to buy food, or to buy food and have their utilities disconnected.

Further, he says, he has spoken with operators who have shared the true financial state of their businesses, since, as he notes, there is “no money stirring.”

Many of them, he says, are owed millions of dollars by the Government, and they are having challenges to be paid by the Treasury.

MP Smith notes that the private sector should be the engine of growth in any country, investing and creating employment; but it is unable to do so when the Government is crippling their businesses by not offering incentives.

In the meantime, Smith says that public servants continue to cry, and when they decide to take action they are met with threats of retrenchment from a leader who needs to resign from the Government.

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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]