World Cooperative Monitor report 2021: IFFCO tops

World Cooperative Monitor report 2021: The Indian Farmers Fertiliser Cooperative Limited (IFFCO) has ranked ‘number one Cooperative’ among the top 300 cooperatives in the world. the World Cooperative Monitor report 2021’s ranking is based on the ratio of turnover over the gross domestic product (GDP) per capita.

• It highlights that IFFCO has contributed significantly to the GDP and economic growth of the country.
• The International Cooperative Alliance (ICA) has released the 2021 edition of the 10th Annual World Cooperative Monitor (WCM) report
• IFFCO has improved its position from 65th (in last year) to 60th Position in overall Turnover ranking.

World Cooperative Monitor report 2021

• The International Cooperative Alliance (ICA) has launched the 2021 edition of the World Cooperative Monitor during an international webinar in collaboration with the European Research Institute on Cooperative and Social Enterprises (Euricse).
• The report covers robust economic, organizational, and social data about cooperatives worldwide.
• In 2021, the ICA released the 10th annual report which has highlighted the economic and social impact of the largest cooperatives and mutual worldwide.
• It has provided a ranking of the top 300, sector rankings, and an analysis of responses to the current global challenges: Covid and climate change.

About Indian Farmers Fertiliser Cooperative Limited (IFFCO)

• IFFCO Founded: 1967;
• IFFCO Headquarters: New Delhi, Delhi;
• IFFCO MD & CEO: DR. U. S. Awasthi.

About International Cooperative Alliance (ICA)

It is a non-governmental co-operative federation and represents co-operatives and the co-operative movement worldwide.

• ICA Founded: 19 August 1895
• ICA Headquarters: Brussels, Belgium
• ICA President: Ariel Guarco,
• ICA Members: 313 federations.

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