The Privatisation and Corporatization Board (PCB) has issued a directive to all state-owned enterprises and their subsidiaries, emphasizing the urgent need for strict economization policies. The circular outlines crucial measures that should be adopted to ensure economic viability, particularly within government organizations, including state-owned enterprises.

Key recommendations from the PCB include:

- All expenses should be critically assessed, and efforts should be made to cut unnecessary costs.

- ⁠Salaries and essential expenditures should be paid in Maldivian Rufiyaa, even for organizations generating income in foreign currency.

- ⁠Travel to islands should be limited to essential purposes only, using the minimum number of personnel required for such trips. Furthermore, international trips to meet suppliers should be replaced with virtual meetings, and economy class should be the standard for all journeys shorter than six hours.

- ⁠When attending sponsored events or invitations, companies are advised to minimize expenditures on travel. Utilizing ferries in areas where they are operational for transportation, budgeting carefully for accommodation, and transport during trips is also recommended.

- ⁠Entities should refrain from attending events unless there is a clear beneficial outcome for the organization.

- ⁠There should be a strict policy against hiring additional personnel unless absolutely necessary.

- ⁠No promotions or salary increments should be authorized without prior consultation with the PCB.

- ⁠All necessary work must be conducted during officially designated hours, and overtime should not be utilized unless absolutely essential.

- ⁠Companies should prioritize using internal resources and local expertise for training and empowerment initiatives.

- ⁠There should be a concerted effort to minimize the use of paper by digitizing documentation where possible.

- ⁠Companies should reduce spending on refreshments and events, minimize sponsorships, and scale back corporate social responsibility (CSR) activities.

The PCB stresses that these measures are crucial for navigating the current economic challenges facing the state. Cooperation and support from all entities in implementing these practices are essential for achieving financial stability and long-term sustainability.