File photo taken on Nov. 9, 2020 shows a train carrying tires, auto parts, electronic components and other goods from Japan and the Republic of Korea (ROK) preparing to leave the Qingdao multimodal transportation center in the China-SCO local economic and trade cooperation demonstration zone in Qingdao, east China's Shandong Province. (Xinhua/Li Ziheng)
BEIJING, Sept. 15 (Xinhua) -- China Development Bank (CDB), a major policy bank, has loaned about 14.6 billion U.S. dollars to member and partner banks of the Shanghai Cooperation Organization (SCO) Interbank Consortium by the end of August, data from the bank showed.
By the end of August, the lender has carried out a total of 63 cooperation projects with member and partner banks of the SCO Interbank Consortium, covering various fields such as production capacity cooperation, infrastructure construction, green and low-carbon development, people's livelihood, small and medium-sized enterprises (SMEs), etc.
According to the bank, it will carry out exchanges and cooperation with more international organizations and financial institutions with the same development philosophy and social responsibility and jointly build a closer and broader partnership so as to make greater contributions to the high-quality development of the Belt and Road Initiative and boost regional and world economic recovery.
Established in October 2005, the SCO Interbank Consortium has currently eight member banks including CDB. (Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)
A single purchase
