President, Vice President and Cabinet Ministers disclose financial statements

In keeping with the commitment to eliminate corruption, President Ibrahim Mohamed Solih, Vice President Faisal Naseem and the entire cabinet have publicly declared their assets and income.

The declaration is part of President Solih's pledge to root out corruption and usher in an era of good governance. The pledge states the administration will disclose and regularly review financial statements of all senior political appointees at all ministries, state institutions and state companies. In this regard, all cabinet ministers and executives appointed at the President's Office have now publicised their financial statements as well.

The president has earned close to USD 100,000 in the past 6 months, according to the financial statement. His only asset declared was a land plot in his birth island, Hinnavaru in Lhaviyani Atoll.

Meanwhile, the financial statement of the vice president showed he has earned almost USD 110,000 in the past months. The assets he declared include a house in Fuvahmulah City worth close to USD 680,000, 2 apartments worth over USD 400,000 in Hulhumale', 2 cars worth over USD 32,000 and 6 motorcycles worth over USD 17,000.

President Solih's electoral pledge is reflected in the administration's efforts to strengthen state institutions through a commitment to value-driven public service including accountability and transparency of both processes and individuals appointed to senior state posts. This is the first time an administration has voluntarily disclosed the assets and income of its members in Maldivian history.

As highlighted by the president on several occasions, the administration accords the highest priority to delivering good governance and eradicating corruption that hinders national development and prevents Maldivians from enjoying their rightful due.

In the upcoming days, the President's Office said financials statements of all senior political appointees at all ministries, state institutions, and state companies will continue to be published. The statements will be revised annually, according to the President's Office.

The administration is collaborating closely with the respective institutions and non-governmental organisations in fulfilling the pledge and fighting against corruption.