Maldives establishes Board to ensure transparency
The Maldives establishes Board to ensure transparency and accountability in the management of the Tsunami Relief and Reconstruction Fund
The Maldives has established a Board to oversee the management of the Tsunami Relief and Reconstruction Fund, to ensure transparency and accountability.
The Board, which is chaired by the country’s Auditor-General, Mr. Ismail Fathee, consists of the resident head of the UN, and private sector and industry figures, including the chairpersons of the Maldives Association of Tourism Industry (MATI), the Maldives National Chamber of Commerce and Industry (MNCCI) and the Maldives Association of Construction Industry (MACI). The Board also includes top officials of the Maldives Monetary Authority (MMA) and the Department of External Resources.
The Board has been mandated to ensure transparency and accountability in the management of the Fund, and to ensure that it is operated in accordance with domestic regulations and international auditing standards.