Minister Hassan Zareer graced the ceremony held to inaugurate the Maldives Financial Sector Awards and mark the 45th anniversary of the Maldives Monetary Authority, as the Chief Guest.

Speaking at the event, Minister Zareer emphasized the importance of continued coordination between fiscal and monetary authorities, stating that cooperation between the Government, the MMA, and financial institutions is essential for strengthening economic resilience and supporting sustainable growth.

He commended the MMA for its long-standing contribution to the development of the Maldives’ financial system, highlighting its role in maintaining monetary stability and supporting national development. He also acknowledged the leadership of successive Governors and the public trust the Authority has built over 45 years.

The Minister noted progress in financial sector development, including expanded financial services and digital innovation, with the MMA playing a central role. He stressed the need for aligned fiscal and monetary policies, transparent communication, and stronger institutional cooperation.

Addressing foreign exchange challenges, Minister Zareer reiterated that improving access to foreign currency and strengthening the foreign exchange system remain key government priorities.

He further highlighted the successful repayment of the Sovereign Sukuk, describing it as the result of prudent financial management and strong institutional coordination, which has strengthened fiscal indicators and investor confidence.

The Minister concluded by welcoming the launch of the Maldives Financial Sector Awards as an important milestone for the financial sector and expressing appreciation to the MMA leadership, staff, and stakeholders for their continued service.