Hawwa Fajuwa resigns as CFO of Pension Office
Fajuwa's resignation follows speculation that the Pension Office plans to invest central bank funds in a Finance Ministry bond, which critics say amounts to indirect money printing
Hawwa Fajuwa
Hawwa Fajuwa has stepped down from her role as Chief Financial Officer of the Maldives Pension Administration Office.
In a post on her LinkedIn account, Fajuwa announced that her decision followed careful consideration, though she did not specify the reasons for her resignation.
Her departure comes amid growing speculation that the Pension Office plans to invest funds received from the central bank in a Finance Ministry bond, an arrangement that critics argue could amount to indirect money printing.
The controversy has already prompted other resignations. On October 22, Board Member Ahmed Saruvash Adam resigned in protest, alleging that the government’s plan would use the Pension Office to bypass the Fiscal Responsibility Act and create serious risks for the national economy.
Ensuring economic stability without resorting to money printing was among President Dr. Mohamed Muizzu’s key campaign pledges.
