Risk Management in Maldives: Sharing Practical Experience and Lessons Learned

Abstract

Maldives is implementing reforms to improve risk management controls and to strengthen its trade environment. Recent activities to facilitate trade and safeguard its borders seek to deliver operational and economic gains in the public and private sectors. Government agencies are working to improve service delivery and, at the same time, to leverage limited human and financial resources more efficiently. Traders, in turn, will benefit from reduced time to import and export goods, increased predictability of services, and greater ease of doing business. Improvements to risk management processes in Maldives are ongoing. The experience in implementing reforms to procedures and information and communication technology (ICT), particularly at the Maldives Customs Service (MCS), can be brought to scale in other domestic organizations and replicated in similar trade environments across South Asia. This publication shares practical experience in implementing risk management reforms in MCS and documents achievements to date.