Wednesday, July 16, 2008

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Maldives gets new Finance, Tourism Ministers


Maldives President Maumoon Abdul Gayoom yesterday appointed new Finance and Tourism ministers following resignations by key figureheads in his Government.

Maldives Monetary Authority (Central Bank) Governor Abdullah Jihad, was appointed Finance Minister and Dr. Abdullah Mausoom was promoted as Tourism and Aviation Minister from his previous post of Deputy.

The appointments follow shocking resignations of Qasim Ibrahim as Finance Minister and Dr. Mahmood Shougee as Tourism and Aviation Minister, last week.

Perhaps the most wealthiest Maldives businessman and founder of giant Villa Group, Qasim also resigned from the ruling DRP on Sunday, creating a mini political crisis for President Gayoom, Asia’s longest serving leader, with nearly 30 years in office, who is also preparing to contest for a fresh five-year term.

The exit of Qasim has fuelled speculation that he will run for Maldives’ presidency, in a landmark multiparty poll under a new Constitution, which is pending ratification. So far, four popular leaders from the Opposition have declared their candidacy for the Presidential election, slated to be held before mid October.

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