MMA opens opportunity to apply for research grant

Maldives Monetary Authority (MMA) has opened applications for its Research Fund, offering independent and collaborative research grants as well as book grants worth a total of MVR 1 million.

The central bank said the initiative aims to identify key economic, financial and developmental challenges facing the Maldives through analytical research and to support innovative policy solutions.

The fund seeks to bring together policymakers, academics and researchers to address national financial and economic issues.

Applications are open to individuals, academics, think tanks and experienced researchers interested in collaborating with MMA staff.

Team leaders applying for independent research grants must hold at least a master’s degree, while applicants with a PhD are encouraged to apply.

Collaborative research grants will support projects carried out jointly with MMA staff and aligned with the institution’s strategic objectives.

The book grant is open to individuals or teams with previous publications or equivalent experience. Manuscripts may be written in Dhivehi or English, with priority given to works promoting financial literacy, public understanding of the economy, or fiscal policy research.

Research topics eligible for funding include macroeconomic stability, monetary policy, financial sustainability, climate and sustainable development, digital finance and inclusion, Islamic finance, education and employment.

Selected proposals will receive funding to cover expenses such as data collection, fieldwork, research assistance and publication. Completed studies will undergo peer review, and researchers will have opportunities to present their findings at the MMA Research Conference.

Applications close on 30 October, and selected researchers will be announced by 9 November.