On July 6th each year, the International Day of Cooperatives is celebrated worldwide to recognize the impact of cooperative enterprises in fostering inclusive economic growth and sustainable development.
What is the International Day of Cooperatives?
It is a day dedicated to raising awareness about cooperatives and highlighting their contributions to socio-economic development, particularly in empowering communities and promoting equality.
Cooperatives are businesses owned and operated by their members, who share the profits and collectively make decisions. They exist across various sectors, including agriculture, finance, retail, and housing, among others.
Why is it celebrated?
The International Day of Cooperatives aims to emphasize the role of cooperatives in achieving the Sustainable Development Goals (SDGs), such as ending poverty, promoting decent work, and fostering resilient infrastructure.
Where is it celebrated?
This day is observed globally, with events and activities organized by cooperative societies, government agencies, and international organizations to showcase the achievements and potential of cooperative enterprises.
What does it focus on?
The focus is on promoting the values of cooperation, solidarity, and community development. Cooperatives empower individuals and communities by providing opportunities for economic participation, social inclusion, and democratic governance.
The International Day of Cooperatives highlights the vital role of cooperative enterprises in building a more inclusive and sustainable economy. By promoting cooperation over competition, these enterprises contribute to a brighter future for all.
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