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The Shanghai Cooperation Organisation (SCO) is an international alliance that consists of 10 member states and 2 observers from Eurasia. It was established on 26 April 1996 as the Shanghai Five. In addition to the 10 member states and 2 observers, the SCO currently has 14 dialogue partners and 4 guest attendance entries.
The Shanghai Cooperation Organisation (SCO) is a Eurasian political, economic, international security and defence organization established by China and Russia in 2001. It is the world's largest regional organization in terms of geographic scope and population, covering approximately 24% of the area of world (65% of Eurasia) [3] and 42% of the world population.
On 6 January 2025, Indonesia joined BRICS officially as a full member, [73] making it the first Southeast Asian state to join the bloc, as well as the 10th member of BRICS. Jakarta's bid got the green light from the bloc in 2023, but the Southeast Asian country asked to join following the presidential election held in 2024 .
The 2024 SCO summit was the 24th annual summit of heads of state of the Shanghai Cooperation Organisation held between 3 and 4 July 2024 in Astana, Kazakhstan. [ 1 ] [ 2 ] Member states leaders and other dignitaries in attendance
These observer states must prove themselves as partners before possibly integrating as a member, similar to the accession process of the Shanghai Cooperation Organization. [ 8 ] 13 states were invited to be formal partners; the following 9 states then ensured their partnership status by January 2025, while Indonesia acceded into the core ...
Central bank name Currency Currency share percentage of global allocated reserves in Q4 2022 (%) Central bank governor Native name of central bank Establishment United States: Federal Reserve: United States dollar: 58.36 Jerome Powell: 1913 European Union: European Central Bank: Euro: 20.47 Christine Lagarde: 1998 Japan: Bank of Japan: Japanese ...
China has sought to use the platform to push for more cooperation under its Belt and Road Initiative. China Development Bank, one of the two main policy banks supporting the Belt and Road Initiative, had by the end of 2017 loaned $7.69 billion and 3.34 billion yuan to member banks of the SCO Interbank Consortium.
Host President Hu Jintao also said that the SCO would support a security paradigm that would give its member states sovereignty over what is deemed to be its own interests in accordance with individual state's conditions. It also sought to counter "interventionism." [14] Rules for the admission of further member states were expected to be issued.