President Gayoom has proposed the name of Fazeel Najeeb to the People's Majlis for appointment as the new Governor of the Maldives Monetary Authority (MMA). Fazeel Najeeb held the post of Director international cooperation in the Ministry of Trade before proceeding to UK to pursue studies for a Ph D. in intellectual property law. He has earlier accomplished his first degree in economics and subsequently master’s degree in international business law also in the UK. Najeeb's name was submitted to the Majlis yesterday.
Najeeb was recently tipped to take over the ministry of Economic Development and Trade which became vacant following the resignation of Mohamed Jaleel last month following the delay of some mega projects designed to raise finance for the government budget. But Jaleel in a statement given in the Majlis, a day before tendering his resignation said, the work of the three mega projects will progress soon. But in the same statement he said he was not receiving support from colleagues to move the projects forward.
Fazeel who hails from the Southern island atoll of Fuahmulah enjoys a record of being a good and efficient administrator. He is the brother of Fuahmulah member of the Majlis who also held the post of Deputy Minister in the President's Office which he resigned this month to remain as a member of the Majlis to comply with the new Constitution.
The post of Governor of MMA was held by Abdullah Juihad who was appointed the new Finance Minister on 15 July following former minister Gasim Ibrahim's resignation. President Gayoom proposed the name of former State Finance Minister Arif Hilmy for appointment of the MMA chief, but Arif declined the offer soon after. Nomination of MMA Governor and Deputy Governor has to be approved by the People's Majlis before the the President appoint them to the posts. Aishath Zahira was recently appointed as the Deputy Governor of MMA.
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