A memorandum of understanding has been signed between ministry of Economic Development and Maldives National Chamber of Commerce and Industry on 6th April 2010 in a ceremony held in Ministry of Economic Development. The memorandum of understanding is intended to:

1. Provide a framework within which Ministry of Economic Development and MNCCI can work collaboratively together, to review the status quo of CSR in the country and to identify opportunities for Ministry of Economic Development and Maldives National Chamber of Commerce and Industry together with the government, civil society, and private sector with regards to CSR.

2. Establish a basis to further develop the relationship and achieve greater collaboration.

3. Confirm a shared intention to work together with other relevant professional partners.

The MoU was signed by Deputy Minister of Economic Development Mr. Ali Rasheed and Vice President of Maldives National Chamber of Commerce and Industry Mr.Ismail Asif.

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