On November 7, the Third Committee (Social, Humanitarian and Cultural) of the 74th session of the United Nations General Assembly approved draft resolution titled ‘Cooperatives in social development’, initiated by Mongolia, without a vote.
The resolution addresses the role of cooperatives in achieving the Sustainable Development Goals, in increasing participation of all types of social groups, in particular, young people and women in decision-making processes, creating jobs, reducing poverty, improving public health, promoting social justice and financial inclusion and peacebuilding. It also would have the General Assembly invite Governments and international organizations to build the capacity of cooperatives — especially those run by the poor, young people and women — so that they can empower people to transform their communities. It would also invite Member States to enhance food security and focus efforts on smallholders, women farmers, and agricultural and food cooperatives, to create enabling domestic and international environments.
Moreover, some key issues to provide legal recognition of cooperative business model, develop its system of cooperative statistics to provide an adequate, consistent and reliable information base, have education programs on the importance, principles and models of cooperatives and develop cooperatives through promoting their human resources are contained in the resolution.
In terms of their structures, the cooperatives are small and flexible and have significant presence to reach for more than 100 million people around the world, they are able to be exist in both developed and developing countries for a long time. Ninety UN member states have joined the ‘Cooperatives in social development’ resolution as co-authors.