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Brazil: Cooperativism projects US$186 billion in revenues for 2027

The Brazilian cooperative movement wants to reach R$1 trillion (US$186 billion) in revenues and 30 million cooperative members by 2027.

The figure was released on Monday, October 24, during the "Economy and Cooperativism" live event held by the Cooperative Organization of Brazil (OCB).

According to the latest OCB survey, the turnover of Brazilian cooperatives in 2021 was R$524.8 billion. Currently, the segment has 18.8 million members.

The Minister of Economy, Paulo Guedes, attended the event and highlighted the importance of the growth of the cooperative movement for the country.

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