President Dr. Mohamed Muizzu has requested a consultation with Parliament regarding the appointment of former Finance Minister Ahmed Munawwar as the new Governor of the Maldives Monetary Authority (MMA). Munawwar, who is currently serving as an advisor to the Minister of Finance, is being considered for the role following the removal of his predecessor, Ali Hashim.
The decision to seek parliamentary advice on Munawwar's appointment follows the sacking of MMA Governor Ali Hashim by Parliament earlier today. Hashim was removed from office by a vote of 63 in favor, with nine members voting against his removal.
Hashim's dismissal came after accusations that he had failed to provide adequate financial advice to the government. The Finance Committee thoroughly debated the matter before the vote, with members of the Progressive National Congress (PNC) also supporting the motion to remove Hashim.
Vice-President of the Parliament and Dhiggaru MP Ahmed Nazim, who moved the motion, argued that the country's monetary policy had not been properly implemented during the economic downturn. Despite being given two opportunities to answer questions at the committee stage, Hashim did not appear in Parliament due to illness, which government members claimed was an attempt to evade accountability.
In his defense, Hashim submitted a report stating that the government had not followed any of the advice he had provided to improve the country's financial situation. Hashim was appointed as the Governor of the MMA on September 8, 2019.
The decision to seek parliamentary advice on Munawwar's appointment follows the sacking of MMA Governor Ali Hashim by Parliament earlier today. Hashim was removed from office by a vote of 63 in favor, with nine members voting against his removal.
Hashim's dismissal came after accusations that he had failed to provide adequate financial advice to the government. The Finance Committee thoroughly debated the matter before the vote, with members of the Progressive National Congress (PNC) also supporting the motion to remove Hashim.
Vice-President of the Parliament and Dhiggaru MP Ahmed Nazim, who moved the motion, argued that the country's monetary policy had not been properly implemented during the economic downturn. Despite being given two opportunities to answer questions at the committee stage, Hashim did not appear in Parliament due to illness, which government members claimed was an attempt to evade accountability.
In his defense, Hashim submitted a report stating that the government had not followed any of the advice he had provided to improve the country's financial situation. Hashim was appointed as the Governor of the MMA on September 8, 2019.
