The Ministry of Finance, on Wednesday, announced the formulation of the Procurement Policy Board' regulatory framework.
President Ibrahim Mohamed Solih, on February 23, established the seven-member board under a presidential decree, to further strengthen the public procurement structure and bring about procurement-related policy-level changes.
According to the framework, the board is tasked with ensuring economic efficiency of government procurements, review and assess services in-comparison with the invested amount, and further increase transparency within the tender process.
Moreover, board members will be assigned a three-year term before members are reappointed.
The Procurement Policy Board is one out of four Statutory Boards monitored by the Ministry of Finance.
- Chairperson: Minister of Finance Ibrahim Ameer
- Board Member: Minister of State for Finance Ahmed Shareef
- Board Member: Minister of State for National Planning and Infrastructure Shifaz Ali
- Board Member: Ajwad Musthafa
- Board Member: Ibrahim Naeem
- Board Member: Dr Mohamed Adil
- Board Member: Shuhad Ibrahim
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