What's Happening?
The International Co-operative Alliance (ICA) is actively participating in the B20 group, which provides policy recommendations to the G20 leaders. The B20 serves as a platform for dialogue among policymakers, businesses, and civil society, aiming to address
global economic challenges. The ICA's involvement includes advocating for co-operatives in discussions on small and medium enterprises, employment, and education. The B20, consisting of 706 members from 39 countries, meets throughout the year to prepare for the G20 annual meeting. The ICA's engagement intensified in 2014, with key figures like Andrew Crane and Monique Leroux playing significant roles in various task forces.
Why It's Important?
The ICA's participation in the B20 is crucial for ensuring that the cooperative model is considered in global economic policies. Co-operatives play a significant role in the private sector, and their inclusion in policy discussions can lead to more inclusive and sustainable economic growth. The B20's recommendations to the G20 can influence major economic decisions affecting global trade and development. By advocating for co-operatives, the ICA aims to promote economic models that prioritize community and member benefits over profit maximization, potentially leading to more equitable economic outcomes.
What's Next?
The ICA will continue to participate in B20 meetings, advocating for the cooperative model in upcoming discussions. The next steps involve preparing for the G20 annual meeting, where the B20's recommendations will be presented. The ICA's ongoing involvement will focus on ensuring that co-operatives are recognized as vital contributors to economic resilience and sustainability. The potential expansion of the B20's influence, with more countries and sectors involved, could further enhance the impact of co-operatives on global economic policies.
