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Finance Ministry Defends Reversal of Unsolicited Proposals Policy
The Ministry of Finance defended its reversal of the annulment of the previous government's Unsolicited Proposals Policy, saying the move integrates it into the Public Finance Regulations and that a regulation carries more legal weight than a policy. The amended provisions keep a three-stage evaluation of private development proposals overseen by the Ministry and add a clause allowing direct awarding of works in certain circumstances.
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Finance Ministry Defends Reversal of Unsolicited Proposals Policy
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The Ministry of Finance reversed the annulment of the previous government's Unsolicited Proposals Policy.Maldives RepublicThe Ministry of Finance has defended its decision to reverse the annulment of the previous government’s Unsolicited Proposals Policy (USP Policy), explaining that the move was intended to incorporate the provisions within the Public Finance Regulations.
Word for word from the report in Maldives Republic. Open the report
The amended Public Finance Regulations were gazetted.September 2023Maldives RepublicHe elaborated that the amended Public Finance Regulations, gazetted in September 2023, mandate all policies to align with these regulations.
Word for word from the report in Maldives Republic. Open the report