News Desk
MALE’ — Moosa Zameer resigned as Minister of Finance on Monday, submitting his letter to President Dr Mohamed Muizzu without public explanation. The reasons behind his departure remain unclear.
Zameer was among the most senior figures in the cabinet. He began the current administration as Foreign Minister before moving to Finance in a reshuffle on 30 September 2024. Earlier this year, his ministry’s mandate was expanded to include oversight of public enterprises, consolidating significant economic authority in his hands. He also chaired the presidential committee tracking the economic fallout from the Middle East conflict and served as president of the Local Government Authority.
The timing is striking. Zameer leaves just days after Fitch upgraded the Maldives’ credit rating from CC to CCC-, and weeks after the government repaid its $500 million sovereign Sukuk bond in April, a repayment his ministry oversaw. Both were presented by the government as major achievements.
Whether he resigned voluntarily or was asked to go is not known. Neither the President’s Office nor Zameer has offered any comment beyond confirmation that the letter was submitted.
His replacement has not been announced.
