SCO Inter-Bank Consortium to be chaired by China Development Bank governor
ASTANA. June 15 (Interfax) - China Development Bank Governor Chen Yuan will chair the Shanghai Cooperation Organization's Inter-Bank Consortium from October 25, 2011 to October 25, 2012.
Chen's nomination was approved by the SCO Inter-Bank Consortium at its 7th session in Astana on June 14, Kazakhstan's State Development Bank (BRK) reported on Wednesday.
The Inter-Bank Consortium's current chair is BRK head Nurlan Kusainov.
The participants in the 7th session also signed a protocol amending the Provision on Cooperation with the Financial Institutions of the States with Observer Status and on the Status of Observer-Banks of the SCO's Inter-Bank Consortium.
The Inter-Bank Consortium was formed on October 26, 2005, to support regional economic cooperation.
