Kyrgyzstan proposes creation of SCO Development Bank - Atambayev
BEIJING. June 6 (Interfax) - Kyrgyzstan intends to propose more intensive discussion of the issue of creation of the Shanghai Cooperation Organization (SCO) Development Bank at the SCO summit opening on Wednesday.
"We in SCO propose to emphasize the economics, the creation of the SCO Development Bank, an open credit account. It's important to us," Kyrgyz President Almazbek Atambayev said in Beijing on Wednesday.
Kyrgyzstan needs funding for development, he said. "We need to get on our feel as quickly as possible using the organizations and the assistance provided," Atambayev said.
Atambayev said he is not scheduled to have bilateral meetings with the heads of the SCO countries at the SCO summit opening in Beijing on Wednesday, but is expected to have a bilateral meeting with the president of Iran, which will take place at the request of the Iranian leader.
SCO comprises Kazakhstan, Kyrgyzstan, China, Russia, Tajikistan, and Uzbekistan.