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SCO heads of government start narrow-format talks

December 05, 2012, 8:33 UTC+3
Russia is represented by Prime Minister Dmitry Medvedev
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BISHKEK, December 5 (Itar-Tass) — Heads of government of Shanghai Cooperation Organization countries have started talks in a narrow format.

Russia is represented by Prime Minister Dmitry Medvedev.

After discussing the agenda, prime ministers will take a group photo and then will take part in a meeting in an expanded format together with members of delegations.

Moreover, Medvedev will meet with Mongolian counterpart Norovyn Altankhuyag as well as with Kyrgyzstan’s President Almazbek Atambayev and Prime Minister Zhantoro Satybaldiyev.

“Delegates plan to discuss deeper cooperation in such areas as transport, trade, energy, telecommunications, science and technologies and liquidation of emergencies,” a source in the Russian government said.

The prime ministers will also focus on creating financial mechanisms for the SCO projects and consider an opportunity for setting up a special account (Development Fund) and the SCO Development Bank.

“The meeting will also consider prospects for transport cooperation and the creation of a network of transport corridors,” the source said. “The heads of government will discuss a bigger role of the Business Council and the Interbank Association in attracting investments and providing financial support for economic development.”

SCO member-states boost efforts to develop energy cooperation and the creation of the Energy Club as an informal platform for dialogue is an important step in this direction, the source said.

They will also debate a draft SCO budget for 2013 and discuss plans for the next meeting of the SCO Council of the Heads of Government.

After the meeting they will adopt a communiqu· setting the guidelines for further cooperation in the economic and humanitarian spheres.

 

 

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