MMA’s Governor Hashim selected chair of World Bank-IMF Governors Board

Maldives Monetary Authority (MMA)’s Governor Ali Hashim has been selected as the chair of the Board of Governs of the World Bank Group and International Monetary Fund (IMF), marking the first time Maldives will be serving as the chair on the board.

Governor Hashim is the chair of the Boards of Governors of the World Bank Group and the IMF for 2024. He was selected for the post at the ongoing annual meetings of the World Bank Group and IMG in Marrakesh, Morrocco.

The post, rotated among the five main regions of the IMF, is set to be held by the Asia Pacific region in 2024. 

Hashim was selected as chair following his unanimous nomination for the post by the Executive Directors representing the Asia Pacific region on the World Bank and IMF Board of Executives.

Commenting on his appointment, Hashim said it was a historic moment, as it is the first time in 45 years of Maldives' membership in the World Bank Group and the IMF, that it had been elected chair of the Governors Board.

“It is a great honor to represent Maldives in the international financial and development arena. This marks a historic moment, as it's the first time in 45 years of Maldives' membership in the World Bank Group and the IMF. I am sincerely grateful to our friends and partners for their trust,” he said.

As chair, Hashim will preside over the 2024 Annual Meetings Plenary attended by finance ministers and central bank governors of the IMF and World Bank member countries, the IMF and World Bank staff and management.

Other duties he will undertake include acting as the Chair of the Joint Committee on Remuneration of Executive Directors and their Alternates as well as the Chair of the Joint Procedures Committee/Multilateral Investment Guarantee Agency Procedures Committee.