The Maldives Monetary Authority (MMA) has opened applications for managing director positions across five areas. This move comes as part of a stated effort to enhance the central bank’s executive management system under the leadership of newly appointed Governor Ahmed Munawar.
The central bank is seeking candidates who demonstrate dedication, expertise, integrity, and a strong sense of responsibility, according to a statement. The positions are open to both genders, it said.
The five areas needing managing directors are monetary policy, research and statistics, financial stability, banking operations, corporate services, and financial sector development.
Interested candidates have until 1 p.m. on 22 August to submit their applications. The remuneration package for the posts ranges from MVR 50,000 to MVR 55,000 per month.
The introduction of the new managing director posts follows the dissolution of the assistant governors’ posts. Those who previously held the position of assistant governors have now been promoted to the role of advisors.
The organisational changes come against the backdrop of the country’s economic challenges. Notably, there has been a decline in foreign reserves, which fell to US$113 million in July, the most significant drop in the past six years, according to data released by the central bank. These developments coincide with the Mohamed Muizzu administration’s recent announcement of fiscal reform measures.