Español: Resiliencia en tiempos de crisis: el poder de las cooperativas financieras, pdf 0.6 MB
Français: Résister à la récession: le pouvoir des coopératives financières, pdf 0.6 MB
한국어: 경제위기와 협동조합의 회복력 : 금융협동조합의 저력, pdf 1.4 MB
This report examines financial cooperatives from their origins in Germany in the 1850s to the global movement they represent today. It reviews the performance of financial cooperatives, looking in particular at the aftermath of the 2007-2008 crisis and the continuing long austerity period. It explains why they have proven to be more resilient pointing to the specificities of the cooperative model of enterprise, and concludes with a review of practical policy options and recommendations for the way governments and development agencies should approach financial cooperatives – not as ‘conduits’ but as partners in the wider aims of business development, insurance against episodic poverty, and decent work.
The report was prepared to highlight the contribution of financial cooperatives to the economic and social stability in countries around the world. It is a contribution to the United Nations International Year of Cooperatives 2012.