The International Cooperative Alliance (ICA) wishes to formally express, through a resolution adopted unanimously at its General Assembly held on 2 July 2025, its profound concern regarding the Eleventh Transitory Provision of the Organic Law on Public Integrity of the Republic of Ecuador, approved by the National Assembly on 24 June 2025 and published in the Official Gazette on 26 June 2025.
The resolution expressing concern regarding the recent legislative developments affecting savings and credit cooperatives in Ecuador was following a motion submitted by Presidency and the Board of the ICA Americas, in response to a request from representatives of the cooperative movement in Ecuador, where cooperatives play a vital role in financial inclusion, local development, and poverty alleviation. With over 6 million members and approximately 30% of financial system assets, cooperatives remain key contributors to Ecuador’s economy and social cohesion.
Read the full statement below.
Photo: ICA General Assembly, Manchester
