The Managing Director will serve a term of two five-year periods, with the application for the role open to both MMA employees and the public, according to the official.
Maldives Monetary Authority (MMA) board has approved significant changes to its management structure to transform it into a more modernized central bank.
A senior MMA official announced that a key change is the reorganization of the Assistant Governor position into a Managing Director role. Those in Assistant Governor roles will be promoted to Advisor positions under this new structure.
The Managing Director will serve a term of two five-year periods, with the application for the role open to both MMA employees and the public, according to the official.
“This change will provide new opportunities for existing talent within MMA and attract technically skilled individuals from outside,” the official said.
The introduction of the Managing Director role is expected to broaden opportunities for educated and experienced professionals interested in joining MMA.
These changes, which were implemented in consultation with MMA board and new Governor Ahmed Munawar, are anticipated to enhance MMA’s operational efficiency and lead to positive outcomes.
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