https://sputnikglobe.com/20250902/sco-tianjin-declaration-key-details-1122708788.html
SCO Tianjin Declaration: Key Details
SCO Tianjin Declaration: Key Details
Sputnik International
The interested member states of the Shanghai Cooperation Organization, confirmed the importance of establishing the SCO Development Bank and decided to establish it, according to the Tianjin SCO Declaration.
2025-09-02T07:39+0000
2025-09-02T07:39+0000
2025-09-02T07:39+0000
world
shanghai cooperation organisation (sco)
tianjin
iran
shanghai
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«The interested member states, confirming the importance of establishing the SCO Development Bank, decided to establish it and intensify consultations on a range of issues related to the functioning of this financial institution,» the text read.The states emphasized the important role of the Interbank Association, the document read.»They advocate speeding up the resolution of the issue of connecting the authorized bank of the Islamic Republic of Iran to the work of the IBO,» the document read.SCO countries also oppose any unilateral coercive measures, including economic ones, the declaration read.»A decision has been made by the interested parties to establish the SCO Development Bank. This is a very significant event in the history of the SCO, something that was a long time in the making. There were very lengthy negotiations, and now the member states have reached this decision – and we are very happy about it,» SCO Secretary-General Nurlan Yermekbayev said at a press conference following the summit.Other DetailsThe SCO summit, the largest in history, took place in the Chinese city of Tianjin from August 31 to September 1. More than 20 foreign leaders, as well as representatives of international organizations, took part in the summit.
https://sputnikglobe.com/20250901/superpower-triumph-trilateral-win-for-russia-india-china-1122704503.html
tianjin
iran
shanghai
2025
News
en_EN
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the interested member states of the shanghai cooperation organization, confirmed the importance of establishing the sco development bank and decided to establish it, according to the tianjin sco declaration.
the interested member states of the shanghai cooperation organization, confirmed the importance of establishing the sco development bank and decided to establish it, according to the tianjin sco declaration.
The interested member states of the Shanghai Cooperation Organization, confirmed the importance of establishing the SCO Development Bank and decided to establish it, according to the Tianjin SCO Declaration.
«The interested member states, confirming the importance of establishing the SCO Development Bank, decided to establish it and intensify consultations on a range of issues related to the functioning of this financial institution,» the text read.
The states emphasized the important role of the Interbank Association, the document read.
«They advocate speeding up the resolution of the issue of connecting the authorized bank of the Islamic Republic of Iran to the work of the IBO,» the document read.
SCO countries also oppose any unilateral coercive measures, including economic ones, the declaration read.
«A decision has been made by the interested parties to establish the SCO Development Bank. This is a very significant event in the history of the SCO, something that was a long time in the making. There were very lengthy negotiations, and now the member states have reached this decision – and we are very happy about it,» SCO Secretary-General Nurlan Yermekbayev said at a press conference following the summit.
The SCO summit, the largest in history, took place in the Chinese city of Tianjin from August 31 to September 1. More than 20 foreign leaders, as well as representatives of international organizations, took part in the summit.
