SESSION OF THE COUNCIL OF SCO INTERBANK ASSOCIATION TAKES PLACE IN TASHKENT

On 22-23 June a regular session of the Council of Interbank association of the Shanghai Cooperation Organization (SCO IBA) took place in Tashkent under the presidency of Uzbekistan.

SCO Secretary General R.Alimov, heads of the Development bank of Kazakhstan, the “RSK Bank” of the Kyrgyz Republic, the China development bank, State Corporation "Bank for Development and Foreign Economic Affairs (Vnesheconombank)" of Russia, the State savings bank of the Republic of Tajikistan “Amonatbank”, the National bank for foreign economic activity of the Republic of Uzbekistan, also as partner banks - the Savings bank “Belarusbank”, HBL Pakistan and the Development bank of Mongolia, took part at the session.

The session heard the reports of the representative of the presiding bank of the SCO IBA Council on achieved results at the current stage of the presidency of the National bank for foreign economic activity of the Republic of Uzbekistan, other members of the Council and representatives of the partner banks of the SCO IBA on the issues of current and prospective activities. The parties noted the importance of reinvigorating cooperation in the sphere of joint financing of investment projects, interaction with financial institutions, operating in the SCO area and the Asian region. The issues of preparing the Strategy of further developing the SCO IBA for a medium-term have also been discussed.

At the session of the Council of the Interbank association of the Shanghai Cooperation Organization the parties expressed satisfaction with the process of interaction with financial institutions of SCO observer-states and dialogue partners. A decision on assigning SCO IBA partner bank status to the Development bank of Mongolia has been signed at the session.

UzA