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YLAI Fellows encouraged to be ‘Agents of Change’

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Young Leaders of the Americas Initiative (YLAI) Fellows from across the Eastern and Southern Caribbean were challenged by Minister Sandra Husbands to leverage the strengths of the CARICOM Single Market Economy (CSME) and “be the catalyst for a new vision of hope and prosperity” for the region.

The Minister delivered these remarks at the opening of a two-day U.S. Embassy workshop March 10-11 for 15 entrepreneurs from Barbados, the Eastern Caribbean, and Guyana.

The YLAI Fellows will depart in June for their five-week intensive business development program in the United States.

“Such need to work together as a region, and with the U.S. Embassy which has administered the YLAI programme for the Eastern Caribbean since its inception, bares testimony to possibilities of what can be achieved when there is singularity of focus.

Perhaps it is such a model of collaboration that would augur well for the future development of the region if for example our collective imagination can be deployed to address the challenges meted out to enterprises as a result of the negative effects of the COVID-19 pandemic,” explained Minister Husbands.

USAID Regional Representative Clinton White joined in welcoming the fellows to the next step in their entrepreneurship journey.

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“Approach this opportunity with a growth mindset and know that even the largest and oldest companies in the United States need to continue to change and evolve to be successful.  I know that’s easier said than done, but there are more than 1,000 YLAI fellowship alumni who were once in your shoes and who now join in pulling for you to succeed,” Regional Representative White said in his opening remarks.

The workshop, convened at the Courtyard Marriott in Hastings, prepared the 15 fellows for their upcoming exchange, which includes a professional placement with a U.S. company or organization in the United States and entrepreneurial leadership coursework developed by implementing partner IREX and Arizona State University.

The entrepreneurs will join a group of 250 fellows from across the Caribbean, Latin America, and Canada who were chosen out of more than 2,300 highly qualified applicants.

The 15 Eastern and Southern Caribbean participants lead businesses that span multiple sectors, including agriculture, education, food and beverage, and health and fitness.

YLAI empowers entrepreneurs to strengthen their capacity to launch and grow their ideas and effectively contribute to the social and economic development of their communities.

Since 2016, Caribbean YLAI Fellows have built networks, linkages, and lasting partnerships to attract investment and support their entrepreneurial ventures.

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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]