Source: This post on International Cooperative Alliance (ICA) has been created based on the article “India to host global conference of cooperatives for the first time” published in The Hindu on 23rd November 2024.
Why in news?
India will host the ICA General Assembly and Global Cooperative Conference for the first time.
About Global Conference of the International Cooperative Alliance (ICA)
1. About: The Global Conference of the International Cooperative Alliance (ICA) will take place in New Delhi, India, from November 25–30, 2024.
2. Hosted by: It is being hosted by IFFCO with support from 18 ICA member organizations.
3. Focus: It is focused on cooperative-driven growth and prosperity, its theme is “Cooperatives Build Prosperity for All” with subthemes addressing policy, leadership, and the cooperative identity in the 21st century.
About International Cooperative Alliance (ICA)
1. About: It is the leading nonprofit organization representing cooperatives. It is serving as a unified voice and platform for knowledge-sharing, expertise, and coordinated efforts focused on cooperatives worldwide.
2. Purpose: It was founded in 1895 to promotes the cooperative model as a viable and sustainable alternative to traditional business practices.
3. Headquarter: The organization is headquartered in Brussels, Belgium and four regional offices for Africa, the Americas, Asia-Pacific and Europe.
3. Membership: Its members include national and international cooperative organizations from various sectors such as agriculture, banking, consumer goods, health, housing, and insurance. It includes over 306 organizations representing 105 countries among its members.
4. Structure: The ICA operates through a structured framework involving General Assembly, Board of Directors and Sectoral Organizations and Committees.
4. Objectives: The ICA’s primary mission is to advance the cooperative movement by:
1. Promoting Cooperative Principles: The ICA upholds the seven cooperative principles, which guide cooperatives worldwide.
2. Advocating for Cooperative Interests: It represents the interests of cooperatives to international institutions like the United Nations and other global entities.
3. Providing Resources and Support: The ICA offers research, training, and networking opportunities to help cooperatives thrive and expand their influence.
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