WOCCU, CUNA Thank Lawmakers for USAID Letter on Procurement Reform
Credit unions seek balanced approach to USAID contract awards
November 20, 2019
WASHINGTON—A bipartisan letter signed by members of the U.S. House of Representatives was delivered to U.S. Agency for International Development (USAID) Administrator Mark Green this week, urging the agency to complete its procurement reform process in a manner that ensures a fair and substantial proportion of its awards and contracts are awarded to small, U.S.-based not-for-profit organizations, such as credit unions. The letter was composed by Rep. Brad Sherman (D-California).
“On behalf of credit unions around the world and the 274 million members we represent, we thank Rep. Sherman for his leadership on this vitally important matter for credit unions,” said World Council of Credit Unions (WOCCU) President and CEO Brian Branch. “We are grateful that a bipartisan group of House members believe USAID should make greater use of underutilized partners such as credit unions, that are uniquely situated to assist USAID in addressing the needs of aid recipients and addressing U.S. foreign policy concerns.”
“The letter to Administrator Green shows that USAID can leverage the specialized expertise and long-term, sustainable relationships provided through credit unions that will only enhance the mission and goals of USAID,” said Credit Union National Association (CUNA) President/CEO Jim Nussle.
If successfully completed, procurement reform will allow credit union organizations to compete and successfully implement USAID awards that will better serve foreign aid recipients, the taxpayer, and U.S. foreign policy goals.
You can read Rep. Sherman’s full letter to USAID here.
World Council of Credit Unions is the global trade association and development platform for credit unions. World Council promotes the sustainable development of credit unions and other financial cooperatives around the world to empower people through access to high quality and affordable financial services. World Council advocates on behalf of the global credit union system before international organizations and works with national governments to improve legislation and regulation. Its technical assistance programs introduce new tools and technologies to strengthen credit unions' financial performance and increase their outreach.
World Council has implemented 300+ technical assistance programs in 89 countries. Worldwide, 85,400 credit unions in 118 countries serve 274 million people. Learn more about World Council's impact around the world at www.woccu.org.