Finance Ministry Prioritises SOE Reform, Seeks Foreign and Local Expertise

The Ministry of Finance is seeking to recruit at least three international experts and one local professional to assist in reforming state-owned enterprises (SOEs). The administration recently launched the 'Maldives Competitiveness and Growth Project' in partnership with the World Bank, a five-year project aimed at sorting SOE finances, creating opportunities for SMEs, and increasing private sector participation. SOEs employ more than 15,000 people and face issues of escalating debt, unprofitability, non-compliance with corporate governance, and corruption scandals.

The Ministry of Finance is seeking to recruit at least three international experts and one local professional to assist in reforming state-owned enterprises (SOEs). The administration recently launched the 'Maldives Competitiveness and Growth Project' in partnership with the World Bank, a five-year project aimed at sorting SOE finances, creating opportunities for SMEs, and increasing private sector participation. SOEs employ more than 15,000 people and face issues of escalating debt, unprofitability, non-compliance with corporate governance, and corruption scandals.

The Ministry of Finance is seeking to recruit at least three international experts and one local professional to assist in reforming state-owned enterprises (SOEs). The administration recently launched the 'Maldives Competitiveness and Growth Project' in partnership with the World Bank, a five-year project aimed at sorting SOE finances, creating opportunities for SMEs, and increasing private sector participation. SOEs employ more than 15,000 people and face issues of escalating debt, unprofitability, non-compliance with corporate governance, and corruption scandals.

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