The International Cooperative Alliance (ICA), through its Cooperative Law Committee, endorses the statement issued by Cooperatives of the Americas, which welcomes the interim decision pronounced on August 4, 2025, on the validity of the Organic Law on Public Integrity, published on June 26, 2025.
Following the unanimous decision by its General Assembly in Manchester, UK, on July 2, 2025, the ICA through its Cooperative Law Committee had issued a statement expressing its disagreement with the Eleventh Transitory Provision of the LOIP. This provision mandated that a new Board of Financial and Monetary Policy and Regulation would, within 90 days of its appointment, issue regulations to identify savings and credit cooperatives that “must be transformed into private financial sector corporations”.
The full statement is attached below.
