Econ Minister departs to UK for Commonwealth Trade and Investment Roundtable

The Minister of Economic Development and Trade Mohamed Saeed on Tuesday, departed to UK to attend the Commonwealth Trade and Investment Roundtable.

The purpose of Minister Saeed’s visit is to seek assistance from the UK financial sector participants to establish a “vibrant financial market in the Maldives”. The focus of this discussions will be on the development of Maldives International Financial Services Authority (MIFSA) and the Development Bank.

The Ministry of Economic Development further said that through this visit, the Maldives government will establish working relationships with UK financial services firms on modernizing the legal framework, financial sector infrastructure, and development of a modern and world class governance, strategy, and operations framework for the establishment of International Financial Centers in the Maldives.

During the visit, Minister Saeed is expected to meet with UK government officials, House of Lords and representatives from the UK financial and professional services industry.

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