The fund seeks to encourage evidence-based policymaking and promote research that contributes to the country’s economic and financial stability. A total of MVR 5 million has been allocated for this year’s cycle, with applications open for two types of grants:

Independent research assistance

Book writing assistance

The opportunity is open to private individuals, educational institutions, and think tanks. The MMA said the senior person leading each team must hold at least a Master’s degree, while PhD holders are especially encouraged to apply.

Priority will be given to proposals that align with the MMA’s mandate and offer the greatest national benefit. Focus areas include economic stability and monetary policy, financial prudence, digitalization and fintech, tourism and sustainable economy, Islamic finance, labour market and education, housing and urban development, and health and public spending. Proposals from other fields will also be accepted.