Job Opportunity
Number: (IUL)101-HR/1/2022/3
Published Date: 03 Jan 2022
Published Time: 14:39
Deadline: 17 Jan 2022 14:00
Ministry of Economic Development
Request for Expressions of Interest - Financial Management Specialist



Request for Expressions of Interest

Financial Management Specialist


Financial Management Specialist


COVID-19 Emergency Income Support Program



Number of staff

1 staff

The World Bank Group’s Country Partnership Framework endorsed by the Maldives and the World Bank board in May 2016, aims to support Maldives to achieve more inclusive and sustainable growth, making better use of the country’s assets – human capital, natural assets, and financial resources.

The current World Bank engagement is focused on projects in fisheries, solid waste management, public financial management, improving employment with a special focus on tourism and IT sectors, renewable energy, urban development, COVID-19 response, and improving the country’s health and social security systems.

The GoM aims to strengthen the existing Project PMU under the Ministry of Economic Development to effectively implement the existing project activities and the proposed additional activities. The project PMU is currently housed within the Ministry of Economic Development. The PMU currently consist of members from the MoED and line agencies and operate as a joint coordinated effort. The Project Management Unit (PMU) for the COVID-19 Support Allowance Project will consist of teams for procurement, finance, social safeguards, communications, monitoring and evaluation—led by the Project Director and Deputy Project Director/Project Manager.

In addition to the COVID-19 Emergency Income Support Program, the Ministry of Economic Development in collaboration with the Ministry of Higher Education is currently implementing the “Maldives: Enhancing Employability and Resilience of Youth” (MEERY) Project funded by the World Bank. The objective of the project is to improve the relevance of technical and vocational skills and foster entrepreneurship to promote youth employment in priority sectors.

Additionally, the Ministry is actively engaged with the World Bank for the formulation of projects to strengthen and expand social security coverage in the Maldives and digital inclusivity in line with the goals of the Strategic Action Plan of the Government of Maldives.

The objective of this assignment

  1. The Ministry of Economic Development (MoED) is seeking to contract a Financial Management Specialist who will assist the project team for the overall day to day financial management and coordination of the World Bank projects implemented by MoED. The Financial Management Specialist is expected to report to the Project Director.
  2. To carry out/oversee all financial management activities pertaining to the project including budgeting, accounting, cash flow management, internal controls compliance and financial reporting as per the arrangements agreed between World Bank and the Government of the Republic of Maldives, thereby to provide reasonable assurance that the project funds are being used for the intended purposes.

Scope of service, Required Expertise & Qualifications, and Remuneration

Please refer to the Terms of Reference

Contract Duration

This is a 1-year contract ending December 2022, with the possibility of extension with pipeline donor projects. Upon signing of the contract, 3 months shall be counted as the probationary period. The contract shall be renewed based on performance, need, and funding.

This contract is expected to commence in January 2022.

The Ministry of Economic Development now invites interested eligible individuals to submit their Expressions of Interest (EoI). Interested individuals must provide their CV with information demonstrating that they are qualified to perform the services (description of similar assignments, experience in similar conditions, availability of appropriate skills, etc.) covering the Key Qualifications listed in the Terms of Reference.


The expressions of interest must be delivered to the address below by regular mail, emails, no later than 1400 hrs Maldivian time on January 17, 2022.

Note: The request for expressions of interest shall be read in conjunction with the TOR for the respective post.

Ministry of Economic Development

Velaanaa Building, 11th Floor,


Republic of Maldives

Tel:  3323668

E-mail: [email protected]

03 Jan 2022