MMA Announces Search for Five Managing Directors Following Structural Reform

The Maldives Monetary Authority (MMA) has announced its search for five managing directors as part of a significant structural reform aimed at modernising the central bank. 

The positions available include managing directors for Monetary Policy, Research and Statistics; Financial Stability; Banking Operations; Corporate Services; and Financial Sector Development.

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According to the announcement, the appointments will be for a term of two to five years, with salaries ranging between MVR 50,000 and MVR 55,000.

The announcement, made on last Thursday through the government gazette, calls for skilled and capable individuals to fill these key positions.

The MMA emphasised the importance of integrity and sincerity in applicants, and noted that both male and female candidates will be given equal consideration for the roles. 

This structural reform has been initiated under the leadership of newly appointed Governor Ahmed Munavvar, who is focused on enhancing the operational efficiency and modernisation of the central bank.