Dushanbe, 24.06.2016. /NIAT “Khovar”/. A regular session of the Council of Interbank association of the Shanghai Cooperation Organization (SCO IBA) took place on June 22-23 in Tashkent.

The session was attended by the 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, as well as by partner banks — the Savings bank “Belarusbank”, HBL Pakistan and the Development bank of Mongolia, according to Jahon Information Agency.

During the session 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.