Learn bits
Today in News
Mahesh

25/11/24 09:40 AM IST

International Cooperative Alliance

In News
  • India is all set to host the global conference of the International Cooperative Alliance (ICA) next week in Delhi.
  • Prime Minister Narendra Modi will launch the ‘United Nations International Year of Cooperatives 2025’ at the conference on Monday, November 25, 2024.
Historical background
  • Founded in 1895, London, England during the 1st Cooperative Congress it is one of the oldest and largest non-governmental organizations, representing 1 billion cooperative members globally.
  • With approximately 3 million cooperatives across the planet, the ICA serves as the apex body for the cooperative movement, providing a global platform for collaboration, knowledge exchange, and coordinated action.
  • It is the leading voice for cooperatives, advocating for their interests and supporting the sharing of expertise across the sector.
  • The International Cooperative Alliance (ICA) has over 306 member organizations across 105 countries.
  • Its members include both international and national cooperative organizations representing a wide range of economic sectors, such as agriculture, banking, consumer goods, fisheries, health, housing, insurance, and industry & services.
  • The International Co-operative Alliance (ICA) first expanded into the Asia-Pacific region with the establishment of the Regional Office & Education Centre for South-East Asia in 1960.
  • This was the result of discussions that had taken place at various ICA Congresses starting in 1948, aimed at bringing the national cooperative movements of developing countries closer to the global cooperative network.
  • The discussions also explored how cooperation could be a tool for social and economic development in these countries.
2024 ICA Global Conference
  • The 2024 ICA Global Conference will mark a historic milestone as it takes place in India for the first time in the event’s 130-year history.
  • The conference will be held in New Delhi, bringing together cooperators from around the globe to explore the role of cooperatives in shaping a collective, peaceful, and prosperous future for all.
  • The conference theme, "Cooperatives Build Prosperity for All," highlights the people-centered, purpose-driven, and progress-oriented nature of cooperatives.
Governance Structure of ICA-AP
  • ICA-AP operates within the larger framework of ICA’s global governance structure, which includes various bodies designed to ensure effective collaboration and decision-making among member organizations in the region:
  • Regional Assembly: This is the highest policy body, where all ICA member organizations participate. It is responsible for guiding the regional office and discussing regional and global issues, making recommendations to the ICA General Assembly.
  • Regional Board: The Regional Board supports the implementation of policies and decisions made by the Regional Assembly, ensuring that ICA-AP's goals are effectively pursued.
  • Sectoral and Thematic Committees: These committees focus on specific areas such as agriculture, finance, housing, and sustainable development. Their work is central to addressing regional needs and promoting cooperative solutions.
  • India’s participation in these bodies has ensured that its interests are well-represented and that it continues to lead efforts in shaping the cooperative movement in the region.
Source- PIB

More Related Current Affairs View All

06 Jan

1978 ‘anti-conversion’ law of Arunachal Pradesh

'Arunachal Pradesh is home to a number of different small ethnic communities with an array of different beliefs and practices.' The law, enacted by the then Union Territory of A

Read More

03 Jan

State of Forest Report 2023

'The State of Forest Report (SFR) 2023 was released by Union Environment Minister Bhupender Yadav at the Forest Research Institute, Dehradun, on December 21, 2024.' The SFR is

Read More

31 Dec

ISRO launches SpaDeX mission for space docking

'The Indian Space Research Organisation (ISRO) successfully launched the Space Docking Experiment (SpaDeX) mission recently.' The PSLV C60 rocket carrying two small satellites,

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps