The United Nations General Assembly has declared 2012 as the International Year of Cooperatives (IYC), highlighting the contribution of cooperatives to socio-economic development, in particular recognizing their impact on poverty reduction, employment generation and social integration.
Main Goals of the Year:
* Increase public awareness about cooperatives and their contributions to socio-economic development and the achievement of MDGs
* Promote the formation and growth of cooperatives
* Encourage Governments to establish policies, laws and regulation conducive to the formation, growth and stability of cooperatives