Tuesday, October 22, 2013

PARTY LIST REPS. PAEZ, BRAVO BARE CO-OP LEGISLATIVE AGENDA





In the worldwide celebration of Cooperative Month, Party List Representatives Cresente Paez, and Anthony Bravo (both of COOP NATCCO) delivered their respective privilege speeches last October 14, 2003 at the House of Representatives.


Rep. Paez, who is also chairman of the House Committee on Cooperatives Development, extolled the achievements of the cooperative sector and bared the legislative agenda, and hoped that the proposed laws would be enacted during the 16th Congress.


REP. BRAVO DEFENDS
COOPERATIVES' IMAGE


For his part, Rep. Bravo defended cooperatives and other non-governmental organizations (NGOs), whose images, he said, were tarnished by the pork barrel scam involving fake NGOs. 
 

Rep. Paez stressed that the cooperative sector in the Philippines has aimed to address socio-economic inequality by making cooperatives financially viable, stable and responsive to the needs of its members.


CONTINUING GROWTH
OF COOPERATIVES
 

He also reported on the continuing growth of cooperatives in terms of membership, assets, employment generation, geographical presence, volume of business and governance.


"The cooperative sector  has taken millions  out of poverty; developed leadership potential among the grassroots; empowered the poor with trainings on cooperative governance, and technical expertise; helped  build better communities; and recorded several milestones," Rep. Paez said.


CO-OP MILESTONES
 

Among these milestones are the establishment of the Standard Chart of Accounts for Cooperatives; and the enactment of the Philippine Cooperative Code of 2008.


LEGISLATIVE AGENDA
LISTED


He also urged his colleagues in Congress to support the following key legislative agenda:  1).  Amendment of the CDA Charter in order to strengthen its supervisory and regulatory powers; 2). Passage of the Agrarian and Agricultural Credit Consolidation measure, which will benefit farmers, fisher folks and agrarian-based organizations;  

3). amendment of the National Electrification Administration charter;  4). Passage of a bill creating a Water Regulatory Commission; and 5).  Establishment of a Microfinance Code of the Philippines, among others.


CO-OPs' UNIQUE
IDENTITY
 

Rep. Bravo, on the other hand, stressed the mandate and definition of cooperatives, pursuant to Republic Act 9520, or the Philippine Cooperative Code of 2008.  He described their unique identity as well as their significant role in promoting people-centered development, and the principles of accountability and transparency.


He called on the government and the public to recognize cooperatives as a powerful tool for social empowerment, while citing the need to strengthen them and ensure their viability.

(END). 

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