Group 1 - The establishment of the Shanghai Cooperation Organization Development Bank was a key outcome of the 2025 summit held in Tianjin from August 31 to September 1 [1] - Discussions regarding the establishment of the bank have been ongoing since 2010, with significant progress made in 2025 during meetings of finance ministers and central bank governors [1] - The bank aims to enhance cooperation among member states in various sectors, providing strong support for security and economic collaboration in the context of changing international geopolitical and economic governance [1] Group 2 - The development bank is expected to provide long-term stable funding support for strategic areas such as finance, investment, transportation, energy, and agriculture, promoting sustainable regional economic growth [2] - It will help member countries respond collectively to potential risks and volatility in international financial markets, especially in light of ongoing geopolitical tensions like the Ukraine crisis [2] - The bank is anticipated to foster a multi-level financial cooperation model, enhancing the diversity and inclusiveness of collaboration among various financial institutions [2] Group 3 - The establishment of the Shanghai Cooperation Organization Development Bank coincides with the tenth anniversary of the New Development Bank, suggesting potential synergies between the two institutions [3] - Many member countries of the Shanghai Cooperation Organization Development Bank overlap with those of the New Development Bank, indicating a collaborative approach to financial support for developing nations [3]

Core Viewpoint - The establishment of the Shanghai Cooperation Organization (SCO) Development Bank is a significant outcome of the 2025 SCO Summit, reflecting the member states' commitment to enhance cooperation in various fields and provide robust support for security and economic collaboration in the context of changing global geopolitical and economic governance [1]. Group 1 - The decision to establish the SCO Development Bank was first proposed by China during the 2010 SCO member states' Prime Ministers' meeting, indicating a long-standing interest in creating a joint financial institution [1]. - The pace of establishing the SCO Development Bank has accelerated in 2025, with substantial progress made during the June meeting of finance ministers and central bank governors, followed by a consensus reached in July regarding financing mechanisms [1]. - The SCO Development Bank aims to provide long-term stable funding support for strategic cooperation in finance, investment, transportation, energy, and agriculture among member states, promoting sustainable regional economic growth [1]. Group 2 - The establishment of the SCO Development Bank is seen as a response to ongoing international financial market risks, particularly in light of the Ukraine crisis and increasing uncertainty in U.S. economic policies [2]. - The bank is expected to facilitate a multi-level financial cooperation model that combines bilateral, multilateral, and regional approaches, enhancing the diversity and inclusiveness of cooperation [2]. - The SCO Development Bank is anticipated to work alongside the New Development Bank, which has been operational for ten years, leveraging shared member states to contribute to financial support for global southern development [2].

Group 1 - The establishment of the Shanghai Cooperation Organization Development Bank was a key outcome of the recent summit held in Tianjin from August 31 to September 1, 2025 [1] - The discussions around the establishment of the bank have been ongoing since 2010, with significant progress made in recent meetings, including the June meeting of finance ministers and central bank governors [1] - The bank aims to provide long-term stable funding support for cooperation in strategic areas such as finance, investment, transportation, energy, and agriculture among member states [1] Group 2 - The establishment of the bank is seen as a response to the ongoing Ukraine crisis and the increasing uncertainty in U.S. economic policies, helping member countries to collectively address potential risks in international financial markets [2] - The bank is expected to promote a multi-level financial cooperation model that combines bilateral, multilateral, and regional approaches, enhancing the inclusivity and diversity of cooperation [2] - The Shanghai Cooperation Organization Development Bank is anticipated to work alongside the New Development Bank, leveraging shared member countries to contribute to financial support for developing nations [2]

Group 1 - The Shanghai Cooperation Organization (SCO) is pushing for the establishment of a development bank to enhance economic cooperation and security among member states [2][3] - The idea of creating the SCO development bank was first proposed 15 years ago, but geopolitical tensions have now made its establishment more critical for reducing reliance on Western financial institutions [2][3] - The bank aims to provide financial support for cross-border infrastructure projects, thereby facilitating trade and investment among member countries [3][4] Group 2 - The establishment of the SCO development bank is expected to enhance financial autonomy for member states, allowing them to avoid the political conditions imposed by traditional Western-dominated financial institutions [3][4] - The bank will promote the use of local currencies in transactions, reducing dependence on the US dollar and euro, and increasing the influence of the Chinese yuan in the region [4][5] - The SCO development bank is seen as a tool to strengthen energy cooperation among member countries, particularly with resource-rich nations like Russia and Kazakhstan, ensuring stable energy supplies for economic development [4][5]

Core Points - The establishment of the Shanghai Cooperation Organization Development Bank (SCO Development Bank) is a significant focus, aimed at enhancing security and economic cooperation among member states [1][2] - The proposal for the SCO Development Bank was first made by China in 2010, with the goal of promoting regional trade and the use of local currencies [2] - There has been a consistent push for the development of the SCO Development Bank, with recent meetings indicating substantial progress in its establishment [3][4] Group 1 - The SCO Development Bank is expected to provide strong support for infrastructure financing and economic development among member countries, which have significant funding needs [2][3] - The bank's establishment is seen as a milestone event for the SCO, potentially enhancing the economic landscape of member states like Russia and Kazakhstan [2][3] - Recent meetings in 2023 have shown a shift towards rapid progress in establishing the bank, with agreements on financial cooperation and mechanisms being discussed [4][5] Group 2 - The SCO financial cooperation framework currently includes the SCO Bank Union, which has been in place for 20 years [5] - The SCO Bank Union consists of nine member banks and one partner bank, indicating a collaborative financial network among member states [6]

Core Points - The Shanghai Cooperation Organization (SCO) summit will be held in Tianjin from August 31 to September 1, 2025, marking the largest summit since the organization's inception, with participation from over 20 countries and 10 international organizations [1] - Belarus, as the 10th member of the SCO, will participate in the summit for the first time since its membership, emphasizing the importance of the SCO as a platform for security cooperation, economic resilience, and cultural dialogue [1][3] Group 1: Key Issues of Interest for Belarus - Belarus aims to expand the security concept to include economic stability and external interference prevention, advocating for alternative financial mechanisms and the establishment of a potential SCO development bank [2][3] - The country is keen to engage in discussions on transportation and logistics, leveraging its strategic geographical position to enhance connectivity along the North-South and East-West corridors [2][4] - Belarus intends to contribute its expertise in food and agricultural security to address global challenges, highlighting the importance of these sectors for sustainable development [2][4] Group 2: Development Strategies Post-Membership - Belarus has outlined clear development strategies focusing on industrial cooperation, scientific and technological innovation, logistics, and agricultural and food security, in line with the SCO's economic development strategy until 2030 [5][6] - The China-Belarus Great Stone Industrial Park serves as a model for industrial cooperation, attracting 154 companies with investments exceeding $1.6 billion and aiming to create 16,000 jobs, primarily in high-tech industries [5][6] - Belarus is prepared to increase the supply of high-quality agricultural products to the SCO market, including dairy, meat, and processed foods, while emphasizing the establishment of a joint food safety monitoring system [6][7]