Male’ – Ahmed Munawar, the former Minister of Finance, is set to become the new Governor of the Maldives Monetary Authority (MMA). His tenure as Minister of Finance from June 2016 to November 2018 was marked by significant achievements in fiscal consolidation, transparency, and efficiency. During his time in office, Munawar reduced the fiscal deficit from double digits to less than 3% of GDP, highlighting his commitment to improving the country’s financial health. He increased fiscal transparency by introducing new publications, including a debt bulletin, and launching an informative website. Munawar streamlined budget execution processes, reducing the time to just … Continue reading Ahmed Munawar’s Impactful Tenure as Minister of Finance