Kyrgyzstan calls for creation of SCO development bank
Baku, Azerbaijan, Nov. 3
By Elena Kosolapova – Trend:
Kyrgyzstan calls for creation of a development bank and a development fund of the Shanghai Cooperation Organization (SCO) in a short time, Kyrgyz acting Prime Minister Sooronbai Jeenbekov said at the 15th enlarged format meeting of the Council of SCO Heads of Government Nov. 3, Kyrgyz government said.
“These institutions must become effective instruments of financial support for joint economic projects,” he said.
SCO member countries agreed to create a development bank and a development fund of SCO at a meeting in 2012.
Jeenbekov also noted that it is important to engage SCO business and financial institutions in the implementation of joint projects.
Moreover, the acting prime minister said that Kyrgyzstan supports Russian and Chinese initiative on pairing the project activity within the Eurasian Economic Union and the Economic Belt of the Silk Road.
“We believe that at the moment we need a comprehensive plan of economic cooperation, including the development of infrastructure projects, industry, trade and services,” Jeenbekov said.
He also noted that Kyrgyzstan is ready to work on deepening of cooperation in culture, education, health, environmental protection and tourism within SCO.
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