Ariel Guarco from Argentina has been elected president of the International Co-operative Alliance. The election took place at the International Co-operative Alliance’s General Assembly, a biennial event, held this year in Malaysia.
From a total of 691 total votes, Mr Guarco received 671. Mr Guarco said: “It is a tremendous honour to be elected president of the Alliance. Our movement includes one billion people across the world. The Alliance needs to be the lighthouse that guides them. “The global context requires us to go out on the pitch wearing the co-operative shirt and confront warmongering, speculators and those controlling the economy, who are taking humanity on a road without return, with our coherence, trajectory, and diversity.”