This Department is one of the core departments in the Ministry. The department is responsible for ensuring that government economic policy development is evidence based, inclusive and coordinated amongst all relevant stakeholders. The department ensures that private sector and government level co-ordination in policy development, through three Committees/ Councils Chaired by the Minister of Economic Development.
The Department consist of three sections
The functions of the Department include undertaking necessary research for economic policy formulation, particularly, policies relating to the real sector of the economy. The Department collects and maintains information and statistics on businesses, foreign investments, SME’s, local and foreign employment and works closely with the other arms of the government and the academia in its research activities. The Policy and economic research department is also entrusted to undertake all notification obligations of the government pertaining to Maldives membership of internationals organizations such as the World Trade Organization, International Labour Organization, World Intellectual Property Organization and others.