The heads of government confirmed the Interbank Consortium as a practical economic cooperation mechanism. It aimed to facilitate finance for infrastructure, basic industries, high technology, exports and social projects. The initiative shows a regional development ambition, but not the creation of a common currency or supranational bank.
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12 November 2026
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What did the SCO Interbank Consortium aim to support?
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Explanation
The consortium was designed to support financing for government-sponsored projects.
The SCO Interbank Consortium was established to support investment-project financing and banking services.
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Explanation
It was created by the Heads of Government Council in October 2005.