BML announces National Library upgrade project as part of 12 high impact monthly community initiatives


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As part of the series of 12 high-impact monthly community initiatives leading up to the 40th anniversary of the Bank of Maldives (BML) to be celebrated in November 2022, a National Library renovation and modernization project has been announced.

The country’s national bank made the announcement Thursday, during an event organized to sign a memorandum of understanding with the National Library of the Maldives to modernize the existing facility.

BML CEO and Managing Director Timothy Sawyer signed the MoU on behalf of the bank and Minister of State, Minister of Arts, Culture and Heritage Mohamed Toriq signed on behalf of the government .

BML’s board of directors and general management attended the signing ceremony.

The scope of the project includes the reorganization of the entire library, including the main reading area, the ‘Kiyavathi’ discussion room, the silent reading and research room as well as the creators’ space and the reading room. the national collection.

BML is also to modernize the existing facilities with new computer systems, an audio and video booth for digitization and a security system will be installed in the facility, for the first time.

Libraries are an essential part of our communities. The National Library is an important space for education and creativity, and an excellent resource for people of all ages. As the National Bank, we are proud to take the initiative to carry out this important development project which will see a national library refreshed. This is the second of our 40th anniversary initiatives which will see major projects implemented to benefit our community.

Tim Sawyer, CEO and Managing Director of BML.

The country’s national bank launched its scholarship fund in November 2021 as the first in the series, where fully funded international scholarships for three students in banking and finance will be provided each year. Open to all, the fund aims to develop talented young Maldivians in the field.

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