President: China will continue providing preferential loans to SCO
Kazakhstan, Astana, June 15 /Trend, A.Maratov/
President of China Hu Jintao assured the participants of the SCO summit in the continuation of preferential lending to member countries of the organization.
"China will continue to provide member states with preferential loans and make efforts to transform the China - Eurasia Economic Forum and Fair into a platform for regional economic cooperation to promote economic prosperity in the region," said the Chinese leader at the SCO summit in Astana.
The total amount of loans that will be provided on preferential terms will be $12 billion, the President said. In the period of global financial crisis, China allocated loans to the SCO countries in amount of $10 billion, he said.
The jubilee summit of SCO takes place today in Astana. Leaders of SCO countries will be summing up the first ten years of the activities of the organization, identify ways of further development and sign a package of documents, the main of which will be the Astana Declaration of the decade.
One-year chairmanship of Kazakhstan to SCO completes and will shift to China.
The SCO consists of six countries - China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan. Iran, India, Mongolia and Pakistan have the observer status.