Applications opened for Commissioner of Reform

Finance Ministry, on Wednesday, has opened applications for the post of Commissioner of Reform at the new office which will be established for economic reforms, the Economic Reform Office.

As per an announcement by the Finance Ministry, the Commissioner of Reform will lead the Economic Reform office and drive strategic initiatives related to economic reform, state-owned enterprise (SOE) and fiscal reform.

A terms of reference attached in the announcement specifies the key responsibilities of the Commissioner of Reform and the qualifications and experience prospective candidates must possess.

Prospective candidates have been instructed to submit their applications alongside the relevant documents before 13:00pm on Sunday, December 8^th via email.

Maldives’ dire fiscal state has prompted the government to implement reformative measures on various fronts including reducing the number of political appointees, reforming the Aasandha public health insurance scheme and raising taxes.

The administration plans to roll out more fiscal reforms in 2025, including more Aasandha reforms, and reforms of subsidies, welfare schemes, and State-Owned Enterprises.

Maldives has an external debt service obligation of about USD 600 million due in 2025, and more than USD 1 billion in 2026 – including a USD 500 million sukuk. Top rating agencies Moody’s and Fitch have both downgraded Maldives’ credit rating citing risk of default.