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Global Cooperative Conference

Source: PIB
GS III: Economy


Overview

  1. News in Brief
  2. Global Cooperative Conference 2024
  3. UN International Year of Cooperatives 2025

Why in the News?

Prime Minister Narendra Modi inaugurates Global Cooperative Conference 2024 at Bharat Mandapam in New Delhi.

News in Brief

  • It was hosted by the Indian Farmers Fertiliser Cooperative Limited (IFFCO).
  • ICA is organised first time in India.
  • The 18 ICA member organizations in India represent close to 800,000 cooperatives and 290 million cooperators.
  • Prime Minister will launch the UN International Year of Cooperatives 2025
Global Cooperative Conference 2024

  • The conference theme is: “Cooperatives Build Prosperity for All”.
  • There will be four plenary sessions, each accompanied by four parallel sessions, to create an Action Agenda for Cooperatives to accelerate the SDGs.
  • To accomplish this, the conference has 4 key themes:
    • Enabling Policy and Entrepreneurial Ecosystems
    • Reaffirming the Cooperative Identity
    • Nurturing Purposeful Leadership
    • Shaping a Just, Equal and Resilient Future.

Objective

  • Gain valuable insights and perspectives from renowned experts
  • Chance to connect and collaborate with a diverse group of professionals
  • Participate in engaging workshops and training sessions
  • Explore innovative solutions, technologies, and best practices for the cooperative movement.

UN International Year of Cooperatives 2025

  • Focus on the theme, “Cooperatives Build a Better World,”.
  • It underscores the transformative role cooperatives play in promoting social inclusion, economic empowerment, and sustainable development.
  • The UN SDGs recognize cooperatives as crucial drivers of sustainable development, particularly in reducing inequality, promoting decent work, and alleviating poverty.
  • The year 2025 will be a global initiative aimed at showcasing the power of cooperative enterprises in addressing the world’s most pressing challenges.

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