The Chinese Bank Targeting Infrastructure Projects Across Central Asia

Kyrgyzstan is hoping to preside over the launch of a Shanghai Cooperation Organization (SCO) Development Bank during its 2026 chairmanship of the group, according to local news reports that cite the Kyrgyz Ministry of Economy. Working out details connected with the SCO bank’s launch was the focus of recent discussions between top Economy Ministry officials from both Kyrgyzstan and China. The idea of an SCO Development Bank (SCODB) gained the approval of the 10 members of the organization at its most recent summit in 2025. At that time,…