International Day of Cooperatives - 1st July

Tags: Important Days

International Day of Cooperatives is observed annually on 1 st July.

An Overview of the News

• The purpose of International Day of Cooperatives is to acknowledge the contribution of cooperatives in solving major international issues as recognized by the United Nations.

• The designated theme for International Day of Cooperatives 2023 is "Cooperatives for Sustainable Development".

• Director of the International Labor Organization - Gilbert F. hongbo

History of International Day of Cooperatives

• In 1923, the International Cooperative Alliance (ICA) established the first International Cooperative Day.

• The day was initially celebrated on the first Saturday of July every year.

• The aim was to commemorate the values and principles of cooperation.

• Since 1995, it has been celebrated every year on 1st July.

• The day serves as an opportunity to raise awareness about the cooperative model.

• It highlights the values of self-help, democratic decision making and mutual cooperation.