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SCO Development Bank

By Parvati Das , 4 September 2025
C

Xi Jinping Calls for Establishment of SCO Development Bank

Chinese President Xi Jinping has renewed calls for the creation of a Shanghai Cooperation Organisation (SCO) development bank, positioning it as a strategic financial instrument to advance regional integration and strengthen economic cooperation. Addressing member states, Xi underscored the need for deeper financial collaboration to counter global economic uncertainties and to accelerate infrastructure growth across Eurasia. The proposed institution, he argued, would not only bolster trade and investment flows but also serve as a stabilizing force amid shifting geopolitical realities.

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