• China will issue a credit SCO $ 5 billion

  • China has decided to allocate to States of the Shanghai cooperation organization $ 5 billion to Finance joint projects. This was stated by the President of China XI Jinping in Dushanbe at the meeting of the Council of the SCO, reports ITAR-TASS. We are talking about economic cooperation Fund "China-Eurasia", the initial capital of which amounts to a billion dollars.

    In 2012, China announced the creation of the SCO development Bank with an authorized capital of $ 10 billion. But in the end to agree on funding the organization failed, primarily because of the unwillingness of Russia to bear the costs.

    Collective lending mechanism within the organization is not yet available, but China is actively lending to other States of the organization directly. A large part of the loans are mainly commodity countries, they bought Chinese equipment and other goods.

    The Shanghai cooperation organization (SCO), a regional international organization founded in 2001 by the leaders of China, Russia, Kazakhstan, Tajikistan, Kyrgyzstan and Uzbekistan. Observers in the block are Iran, India and Mongolia.

    http://lenta.ru

More news in the same category:

More Global News:

    • Img
    • 3:23 pm on Wednesday 7th December 2016  /  Спорт
      The presidential candidate of the club gave me a way to improve relations with the West

      The Olympic champion of Beijing-2008 in the jump, the presidential candidate of the all-Russian athletics Federation (vfla) Andrew Silnov told about the intention to establish relations with the International Association of athletics federations (IAAF). He noted that wfla need to be on the same wavelength with the Western colleagues.

    • Img
    • 3:22 pm on Wednesday 7th December 2016  /  Финансы
      The President urged the Central Bank to pay particular attention to financial stability

      The government and the Bank of Russia should continue to pay special attention to financial stability. On Wednesday, December 7, at the meeting of the security Council, said President Vladimir Putin. Controller and Cabinet of Ministers must also take measures to enhance credit availability for the real sector.

    • Img
    • 3:19 pm on Wednesday 7th December 2016  /  Культура
      Valery Belyakovich will bury in Moscow

      People's artist of Russia, artistic Director of Theatre in the South-West Valery belyakovich will be buried at Vostryakovskoye cemetery. He died on the morning of 6 December. The cause of death was heart and lung failure. Previously, he was urgently hospitalized after complaints of feeling unwell.

comments powered by Disqus