Cooperatives are contributing to the economic strengthening of the country

Salcedo—The cooperatives are contributing to the country’s economic strengthening, which means they are the lungs through which the different national sectors are developed, so she called on government authorities to continue providing all the necessary support to this sector.

The statement was made today by the General Manager of Cooperativa La Unión, Yudelka Jiménez, who expressed her satisfaction with how these entities have been playing the role for which they were created.

On October 25, National Cooperative Day, the community leader said that today, more than ever, government authorities and all other sectors that directly affect the development of the nation must continue to support cooperatives, understanding that these are the gateways through which many people find the most accessible way to develop in various orders.

In this sense, Jimenez said that the cooperative movement, more than financial institutions, has become a fundamental piece in bringing solutions and financial education to sectors that previously had not been taken into account, not only in the province of Hermanas Mirabal, where Coopunion has a massive presence through its various branches but throughout the northeastern region.

“But not only we as Coopunión have been doing the co-educational work, no, also all the sister cooperatives in the area and in the country in general, have played stellar roles in the subject of financial education, for example, but also in other areas that are of great importance for the good management of our societies,” said Jiménez.

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National Cooperative Day in the Dominican Republic has been celebrated every October 25 since it was on this date. Still, 1963, Law No. 31-63 was enacted, creating the Institute of Development and Cooperative Credit (IDECOOP).

This law was one of the fundamental elements for national development proposed by the economic team of the government of Professor Juan Bosch. Still, it was not until during the mandate of the Triumvirate that this model was assumed to be one of the fundamental elements in the fight against poverty.