Shanghai Cooperation Organization Interbank Consortium (SCO IBC) is an essential mechanism in enhancing economic cooperation between the member countries, Kazakhstan said on April 26 as it took over the rotational presidency of the SCO IBC for 2023-24, media reports.
On the same day, India handed over the presidency of SCO IBC to the Development Bank of Kazakhstan.
Nurlan Baibazarov, Chairman of the Development Bank of Kazakhstan, unveiled plans to deepen cooperation and ties between the member states and continue work implemented in the past. He emphasized that IBC is essential in improving economic cooperation between the SCO member countries and banking associations.
All the member countries, including China, attended the 19th SCO IBC meeting held in South Goa on April 26. Pakistan, represented by Habib Bank Limited, joined the event virtually due to logistical issues.
Comments (0)