CDP funding, Ukraine support needed in appropriations bill | 2022-06-22

The CUNA strongly supports $50 million for the United States Agency for International Development’s (USAID) Cooperative Development Program (CDP), it wrote to a House Appropriations subcommittee on Wednesday. CUNA also calls on Congress to support funding for existing USAID partners in Ukraine, especially credit unions.

“The CDP is a global initiative that focuses on building the capacity of cooperative enterprises and cooperative systems for self-sufficiency, local ownership and sustainability,” the letter says, adding that implementing partners have cooperatives advances in more than 18 countries in Africa, Latin America and Latin America. America and Asia.

“The activities aim to strengthen cooperative enterprises in several ways, including improved governance, capitalization, women’s empowerment, youth engagement, financial management, market performance and advocacy,” says the letter. “The program also prioritizes collaboration among partners through working groups, cooperative research, learning, and dissemination of cooperative development resources.”

The CUNA also notes that the USAID-funded Agricultural Producer Credit (CAP) project – implemented by the World Council of Credit Unions – has met many needs since the Russian invasion in February, needs that will continue during the recovery.

“Furthermore, through direct collaboration with its existing credit union partners, the CAP project will enable efficient access to funding to help Ukrainians recover and rebuild their lives,” the letter reads. “CAP will build on its strong relationship with the NBU to rebuild a robust financial sector in rural areas with strong credit unions at its core.”

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