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Global Collaboration on International Day of Cooperatives 2024 International Day of Cooperatives, observed annually on the first Saturday of July, celebrates the pivotal role of cooperatives in fostering economic and social development worldwide. These organizations are recognized for their contributions to poverty alleviation, employment generation, and community building through collective action and shared resources Understanding Cooperatives Cooperatives: Definition and Role in Society Cooperatives are autonomous associations of people who voluntarily come together to meet common economic, social, and cultural needs and aspirations through a jointly owned and democratically controlled enterprise. They operate based on principles such as voluntary and open membership, democratic member control, economic participation by members, autonomy and independence, education, training, and cooperation among cooperatives. Principles of Cooperatives The principles of cooperatives guide their fu