SCO Interbank Consortium
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SCO Interbank Consortium
The Shanghai Cooperation Organisation Interbank Consortium (abbreviated as SCO IBC) is a platform for joint financing of development projects by members and other participants of the Shanghai Cooperation Organisation. History The SCO Interbank Consortium was created in October 2005 during the 2005 SCO Summit. The consortium was among several economic integration projects announced during the summit. The first meeting of the SCO Interbank Association was held in Beijing on 21–22 February 2006. Banks Member banks * Development Bank of Kazakhstan * RSK Bank (Kyrgyzstan) *China Development Bank *VEB.RF (Russia) * Amonatbonk State Savings Bank (Tajikistan) * National Bank of the Republic of Uzbekistan for Foreign Economic Activity *Habib Bank Limited (Pakistan) * India Infrastructure Finance Company Observers *Eurasian Development Bank * Belarusbank * Development Bank of Mongolia Belt and Road Initiative China has sought to use the platform to push for more cooperation under its B ...
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Shanghai Cooperation Organisation
The Shanghai Cooperation Organisation (SCO) is a Eurasian politics, political, economy, economic and security organization. It is the world's largest regional organization in terms of geography, geographic scope and world population, population, covering approximately 60% of the area of Eurasia, 40% of the world population, and more than 30% of global GDP. The SCO is the successor to the ''Shanghai Five'', formed in 1996 between the China, People's Republic of China, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. On 15 June 2001, the leaders of these nations and Uzbekistan met in Shanghai to announce a new organization with deeper political and economic cooperation; the SCO Charter was signed on 7 July 2002 and entered into force on 19 September 2003. Its membership has since expanded to eight states, with India and Pakistan joining on 9 June 2017. Several countries are engaged as observers or dialogue partners. The SCO is governed by the Heads of State Council (HSC), its supreme ...
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Belarusbank
Savings Bank "Belarusbank" is the largest bank in Belarus that occupies leading positions in the Belarusian banking system by volume of equity, assets, loans, deposits. History From 1922 to 1987 the country applied the system of state labor savings banks of USSR. In 1987 Belarusian Republican Bank of the Savings Bank of USSR was established, and in 1991, it was transformed into Belarusian Savings Bank. In 1995, Joint-Stock Savings Bank Belarusbank was established by Edict of the President of the Republic of Belarus following a nationalizing forced merger between state-owned Belarusian Savings Bank and commercial Bank Belarusbank, with the state holding 99% of the bank's shares. In 1996 Belarusbank acquired sectoral banks Belsviazbank and Belzheldorbank, furthering nationalization of the banking sector in Belarus. The Client-Bank system was introduced. In the same year the bank became a principal member of Europay International. A year later representative offices in Warsaw, Pol ...
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Radio Pakistan
Radio Pakistan serves as the national public broadcaster for radio in Pakistan. Although some local stations predate Radio Pakistan's founding, it is the oldest existing broadcasting network in Pakistan. The network was established on 14 August 1947, following Pakistan's independence from Britain. Radio Pakistan services include AM news services and FM 101 (music) and FM 93. History Radio Pakistan was originally known as the ''Pakistan Broadcasting Service'' at the time of its inception on 14 August 1947. It had the honour of publicly announcing Pakistan's independence from Britain on 13 August 1947 at 11:59 pm. Mustafa Ali Hamdani made the announcement from Lahore in Urdu and English, while Abdullah Jan Maghmoom made the announcement from Peshawar in Pashto. The announcement was heard as follows: The English translation of this announcement is as follows: Greetings Pakistan Broadcasting Service. We are speaking from Lahore. The night between the thirteenth an ...
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2019 SCO Summit
Nineteen or 19 may refer to: * 19 (number), the natural number following 18 and preceding 20 * one of the years 19 BC, AD 19, 1919, 2019 Films * ''19'' (film), a 2001 Japanese film * ''Nineteen'' (film), a 1987 science fiction film Music * 19 (band), a Japanese pop music duo Albums * ''19'' (Adele album), 2008 * ''19'', a 2003 album by Alsou * ''19'', a 2006 album by Evan Yo * ''19'', a 2018 album by MHD * ''19'', one half of the double album ''63/19'' by Kool A.D. * '' Number Nineteen'', a 1971 album by American jazz pianist Mal Waldron * ''XIX'' (EP), a 2019 EP by 1the9 Songs * "19" (song), a 1985 song by British musician Paul Hardcastle. * "Nineteen", a song by Bad4Good from the 1992 album ''Refugee'' * "Nineteen", a song by Karma to Burn from the 2001 album ''Almost Heathen''. * "Nineteen" (song), a 2007 song by American singer Billy Ray Cyrus. * "Nineteen", a song by Tegan and Sara from the 2007 album '' The Con''. * "XIX" (song), a 2014 song by Slipk ...
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Asian Infrastructure Investment Bank
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank that aims to improve economic and social outcomes in Asia. The bank currently has 105 members, including 14 prospective members from around the world. The breakdown of the 105 members by continents are as follows: 42 in Asia, 26 in Europe, 20 in Africa, 8 in Oceania, 8 in South America, and 1 in North America. The bank started operation after the agreement entered into force on 25 December 2015, after ratifications were received from 10 member states holding a total number of 50% of the initial subscriptions of the Authorized Capital Stock. The United Nations has addressed the launch of AIIB as having potential for "scaling up financing for sustainable development" and to improve the global economic governance. The starting capital of the bank was US Dollar, US$100 billion, equivalent to of the capital of the Asian Development Bank and about half that of the World Bank. The bank was pro ...
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Xi Jinping
Xi Jinping ( ; ; ; born 15 June 1953) is a Chinese politician who has served as the general secretary of the Chinese Communist Party (CCP) and chairman of the Central Military Commission (CMC), and thus as the paramount leader of China, since 2012. Xi has also served as the president of the People's Republic of China (PRC) since 2013. The son of Chinese Communist veteran Xi Zhongxun, Xi was exiled to rural Yanchuan County as a teenager following his father's purge during the Cultural Revolution. He lived in a yaodong in the village of Liangjiahe, Shaanxi province, where he joined the CCP after several failed attempts and worked as the local party secretary. After studying chemical engineering at Tsinghua University as a worker-peasant-soldier student, Xi rose through the ranks politically in China's coastal provinces. Xi was governor of Fujian from 1999 to 2002, before becoming governor and party secretary of neighboring Zhejiang from 2002 to 2007. Following dismissal of ...
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Paramount Leader
Paramount leader () is an informal term for the most important political figure in the People's Republic of China (PRC). The paramount leader typically controls the Chinese Communist Party (CCP) and the People's Liberation Army (PLA), often holding the titles of CCP General Secretary and Chairman of the Central Military Commission (CMC)."How China is ruled"
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2018 SCO Summit
Eighteen or 18 may refer to: * 18 (number), the natural number following 17 and preceding 19 * one of the years 18 BC, AD 18, 1918, 2018 Film, television and entertainment * ''18'' (film), a 1993 Taiwanese experimental film based on the short story ''God's Dice'' * ''Eighteen'' (film), a 2005 Canadian dramatic feature film * 18 (British Board of Film Classification), a film rating in the United Kingdom, also used in Ireland by the Irish Film Classification Office * 18 (''Dragon Ball''), a character in the ''Dragon Ball'' franchise * "Eighteen", a 2006 episode of the animated television series ''12 oz. Mouse'' Music Albums * ''18'' (Moby album), 2002 * ''18'' (Nana Kitade album), 2005 * '' 18...'', 2009 debut album by G.E.M. Songs * "18" (5 Seconds of Summer song), from their 2014 eponymous debut album * "18" (One Direction song), from their 2014 studio album ''Four'' * "18", by Anarbor from their 2013 studio album ''Burnout'' * "I'm Eighteen", by Alice Cooper commonly re ...
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Policy Banks
Policy banks of China (), policy lenders or institutional banks refer to two Chinese banks set up by State Council of China in 1994, namely The Export–Import Bank of China (Exim) and the Agricultural Development Bank of China (ADBC). The two banks aim at implementing economic policies of the government and conducting non-profit businesses in particular sectors. China Development Bank (CDB) used to be one of such banks before its shift to a corporation in 2008. Each of the two is dedicated to a specific lending purpose. ADBC provides funds for agricultural development projects in rural areas and Exim Bank of China specializes in trade financing, investment and international economic cooperation. The former member CDB specializes in financing of infrastructure, energy and transportation. Other non-bank financial institutions are referred to as policy entities. Sinosure is described as "China's only policy-oriented insurance company" and offers insurance products for Chinese expo ...
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Belt And Road Initiative
The Belt and Road Initiative (BRI, or B&R), formerly known as One Belt One Road ( zh, link=no, 一带一路) or OBOR for short, is a global infrastructure development strategy adopted by the Chinese government in 2013 to invest in nearly 150 countries and international organizations. It is considered a centerpiece of the Chinese leader Xi Jinping's foreign policy. The BRI forms a central component of Xi's "Major Country Diplomacy" ( zh, 大国外交) strategy, which calls for China to assume a greater leadership role for global affairs in accordance with its rising power and status. It has been compared to the American Marshall Plan. , 149 countries were listed as having signed up to the BRI. Xi originally announced the strategy as the "Silk Road Economic Belt" during an official visit to Kazakhstan in September 2013. "Belt" is short for the " Silk Road Economic Belt," referring to the proposed overland routes for road and rail transportation through landlocked Central A ...
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Development Bank Of Mongolia
Development or developing may refer to: Arts *Development hell, when a project is stuck in development *Filmmaking, development phase, including finance and budgeting *Development (music), the process thematic material is reshaped * Photographic development * ''Development'' (album), a 2002 album by Nonpoint Business *Business development, a process of growing a business * Career development *Corporate development, a position in a business *Energy development, activities concentrated on obtaining energy from natural resources *Green development, a real estate concept that considers social and environmental impact of development *Land development, altering the landscape in any number of ways *Land development bank, a kind of bank in India *Leadership development *New product development * Organization development *Professional development *Real estate development *Research and development * Training and development *Fundraising, also called "development" Biology and medicine * ...
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Eurasian Development Bank
The Eurasian Development Bank (EDB) is an international financial institution investing in the development of the economies, trade and other economic ties, and integration in Eurasian countries. The EDB was founded in 2006 and is headquartered in Almaty, Kazakhstan. The Bank has a branch in St. Petersburg and representative offices in Nur-Sultan, Bishkek, Dushanbe, Yerevan, Minsk, and Moscow. History of the EDB The founding of the Eurasian Development Bank on 12 January 2006 was initiated by the Presidents of Russia and Kazakhstan. It began operating in June 2006. Armenia and Tajikistan joined the EDB in 2009, Belarus in 2010, and the Kyrgyz Republic in 2011. Other states and international organisations can become members by acceding to the Agreement Establishing the Bank. In January 2013, the Organisation for Economic Cooperation and Development recognised the EDB as a multilateral financial institution. Mission and strategy The EDB's mission is to promote market economies an ...
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