Procurement reforms that level the playing field in international development should be encouraged, CUNA wrote Wednesday to Senate Foreign Relations Committee leadership. The letter was sent for the committee’s hearing on the U.S. Agency for International Development’s resources and redesign.
“CUNA urges Congress to encourage the Administrator of the US Agency for International Development to prioritize procurement reforms that level the playing field for smaller development contractors, such as those credit unions and other cooperatives that helped achieve successful rural development in the United States in the 20th Century and which today have ties to organizations overseas that can help promote local self-reliance,” reads CUNA’s letter, sent to Sens. Bob Corker (R-Tenn.) and Bob Menendez (D-N.J.)
The letter notes the World Council of Credit Unions' support for financial markets in growing economies worldwide and the nearly 300 technical assistance programs it has offered around the globe since 1971.
“In 2018, the World Council is engaged in development projects in 6 countries: Colombia, Guatemala, Haiti, Kenya, Uganda and Ukraine. These programs focus on developing digital solutions to expand financial inclusion, increasing access to agricultural finance, incentivizing the creation of affordable housing options, and promoting safe and sound legal and regulatory frameworks,” the letter reads. These current and past projects demonstrate a proven track record of promoting local self-reliance, democratic governance, national security and long-term private sector development solutions domestically and overseas."