Removing Barriers Blog

CUNA writes to Senate Foreign Relations Committee in support of CDP
Posted July 14, 2021 by CUNA Advocacy

CUNA wrote to the Senate Foreign Relations Committee in support of increased funding for a cooperative funding program and procurement reform at the U.S. Agency for International Development (USAID) prior to the Committee's hearing on the FY2022 USAID budget.

In fiscal year 2021, Congress provided an appropriation of $18,500,000 to be available for cooperative development programs of USAID. The Cooperative Development Program (CDP) is a global initiative that focuses on building capacity of cooperative businesses and cooperative systems for self-reliance, local ownership, and sustainability. This year, we respectfully urge you to increase the funding for these programs to $20 million.

During the life of the program, activities have supported more than 500 cooperatives and credit unions with a combined savings of $495 million. During this time period, the program has also:

  • Provided health insurance and services to more than 42,000 people in Uganda.
  • Leveraged more than $95 million of investments for cattle cooperatives in South Africa.
  • Increased member equity among cacao cooperatives in Ecuador, Peru, and the Dominican Republic by more than $4 million.
  • Reformed cooperative law and regulation in Mozambique, Tanzania, Uganda, and Kenya.