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St Kitts-Nevis PM explores medicinal cannabis innovations at farm in SVG

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In a significant stride towards advancing the cannabis industry in Saint Kitts and Nevis, Prime Minister Dr. Terrance Drew embarked on a groundbreaking visit to the CANNA SVG Medicinal Cannabis Farm located in Saint Vincent and the Grenadines.

This visit marks a vital step as Saint Kitts and Nevis endeavours to establish its own robust cannabis sector, drawing inspiration and insights from CANNA SVG’s cutting-edge technologies and extensive expertise in producing top-tier medical-grade cannabis.

CANNA SVG Medicinal Cannabis Farm has distinguished itself as a specialist medical-grade cannabis manufacturer, utilizing state-of-the-art technologies and a profound understanding of the industry to consistently yield premium medical cannabis products. As the global demand for medicinal cannabis continues to rise, Saint Kitts and Nevis recognizes the immense potential of this sector and aims to position itself as a key player in the market.

The Prime Minister’s visit to CANNA SVG Medicinal Cannabis Farm has provided invaluable insights that will undoubtedly shape the future of Saint Kitts and Nevis’ own cannabis industry. Also present was the Permanent Secretary in the Prime Minister’s Office, Naeemah Hazelle.

The Prime Minister and his Permanent Secretary had the opportunity to witness firsthand the advanced technologies employed by CANNA SVG. These technologies have played a pivotal role in ensuring consistent quality, optimal growth conditions, and efficient production processes. By adopting similar technologies, Saint Kitts and Nevis can elevate its medical cannabis production capabilities, ensuring high-quality products for patients and establishing credibility in the global market.

Engaging with the experts at CANNA SVG offered the Prime Minister and his delegation a platform for knowledge exchange. Learning from professionals who have successfully navigated the challenges of the cannabis industry can accelerate Saint Kitts and Nevis’ entry into the sector. Collaborative efforts and shared experiences can pave the way for informed decision-making and effective strategies.

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One of the main benefits of introducing the cannabis industry to Saint Kitts and Nevis lies in economic diversification and growth. Establishing a medical cannabis industry can create a multi-faceted impact, including job creation, revenue generation, and global recognition.

The cannabis industry, with its cultivation, processing, research, and distribution sectors, can generate a significant number of jobs, catering to a range of skill sets and backgrounds within the local population. Additionally, A well-regulated cannabis industry can contribute substantial revenue to the government through taxes, licenses, and export opportunities. This added revenue stream can support various public initiatives and social welfare programs. Also, by adhering to international standards and producing high-quality medical cannabis, Saint Kitts and Nevis can gain global recognition and establish itself as a reputable player in the industry.

As Saint Kitts and Nevis progresses towards actualizing its own medicinal cannabis sector, the visit to CANNA SVG Medicinal Cannabis Farm has illuminated pathways to success. The Prime Minister’s firsthand experience with advanced technologies, coupled with the exchange of expertise, positions Saint Kitts and Nevis on the threshold of a transformative journey.

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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]