President Dr. Mohamed Muizzu has appointed Ahmed Munawar as the Governor of the Maldives Monetary Authority (MMA). The appointment was made under the authority granted to the president in accordance with Section 6(3) of the Maldives Monetary Authority Act. The ceremony to present the letter of appointment was held at the President's Office.
Following the presentation, President Dr. Muizzu and the newly appointed governor of MMA held a meeting to discuss the country's economic situation. The president encouraged the governor to work closely with other financial institutions. At the meeting, Munawar expressed his complete support for the government's efforts to stimulate the country's economy.
The nomination of the Munawwar for the position was given with the unanimous votes of 78 parliamentarians, after he was interviewed by the Public Accounts Committee. Munawwar scored an average of 94.73 marks in the interview, hence gaining the approval of the committee, who saw him capable of serving as the MMA Governor.
Munawwar served as the Advisor to the Minister of Finance in the current administration and had served MMA from 1999 to 2013 at various positions. He also served as the state minister of finance from 2014 to 2016 and as the finance minister from 2016 to 2018.
Speaking at the committee, Munawwar revealed his vision of strengthening the financial sector of the nation, ensuring it is the top in the field at a regional level during his tenure. He also disclosed his ambitious goal of increasing the productivity of the financial sector.