Financial Cooperatives

Abstract

This volume is a product of the staff and external authors of the World Bank Group. The World Bank Group refers to the member institutions of the World Bank Group: The World Bank (International Bank for Reconstruction and Development); International Finance Corporation (IFC); and Multilateral Investment Guarantee Agency (MIGA), which are separate and distinct legal entities each organized under its respective Articles of Agreement. We encourage use for educational and noncommercial purposes. The findings, interpretations, and conclusions expressed in this volume do not necessarily reflect the views of the Directors or Executive Directors of the respective institutions of the World Bank Group or the governments they represent. The World Bank Group does not guarantee the accuracy of the data included in this work. Rights and Permissions The material in this publication is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. The World Bank encourages dissemination of its work and will normally grant permission to reproduce portions of the work promptly.

Application of Universal Cooperative Principles in Agricultural Cooperatives: A Case Study from Nepal

“…Launching public awareness campaigns are to highlight the benefits of cooperatives and encourage participation from potential members and stakeholders (Uwaramutse et al, 2022). Facilitating collaboration among cooperatives, government agencies, and other stakeholders is highly demanded to share resources, best practices, and lessons learned (Cuevas & Buchenau, 2018). Providing financial support and incentives for cooperatives are, especially during economic downturns, to help them weather the challenges and continue serving their members effectively (Khatiwada, 2014).…”

The Level of Disclosure of Sustainability Information of Credit Unions in Brazil and Germany

“…European countries, and notably, Germany. Therefore, apart from the state's regulatory and normative function, credit unions should establish and implement governance mechanisms to safeguard members' interests (Cuevas & Fischer, 2006;Soares & Ventura, 2008;Seibel, 2013;Cuevas & Buchenau, 2018).…”

“…Other names for credit unions include "savings and credit cooperatives" and "Shinkin Banks" in Japan. These different names reflect the varied institutional and organizational structures, product availability, business models, and legal and regulatory frameworks that differ across countries, particularly between developed and emerging nations (Cuevas & Buchenau, 2018;McKillop et al, 2020).…”

“…Moreover, to address information asymmetry, disclosure of sustainability information is essential, particularly for cooperatives, which operate according to cooperative principles. To this end, a set of 60 indicators encompassing information on sustainability from the stakeholders' perspective was employed to assess and compare the thirty largest credit unions in Brazil and Germany (Cuevas & Buchenau, 2018;Macagnan & Seibert, 2021;Yakar Pritchard & Çaliyurt, 2021).…”

Cooperative Banks in Greece and Small & Medium Enterprises Views at a Time of Credit Constraints

“…The institutional structure, legal and regulatory status, products, and business models varies across countries and geographical regions (Cuevas & Buchenau, 2018;Cuevas & Fischer, 2006). In practice, Cooperative Banks appear to operate supplementary to the traditional commercial banking system, mainly at regional level and aiming mostly in supporting SMEs financial needs.…”