On the Question of SCO Bank Institutionalisation

This paper is aimed at the analysis of the institutionalization of financial organ in the framework of the Shanghai Cooperation Organization. The paper outlines such aspects as: historical background and basic stages of SCO Bank concept development, correlation of SCO Bank concept with the general v...

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Autor principal:	Ksenia Gennadyevna Muratshina
Formato:	article
Lenguaje:	EN RU
Publicado:	North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration 2018
Materias:	shanghai cooperation organisation sco bank russia china central asia financial cooperation Political institutions and public administration (General) JF20-2112
Acceso en línea:	https://doaj.org/article/ca6bb193cbd4404e9e5f02c06b3aec24
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spelling	oai:doaj.org-article:ca6bb193cbd4404e9e5f02c06b3aec242021-11-12T10:46:04ZOn the Question of SCO Bank Institutionalisation1726-11391816-859010.22394/1726-1139-2017-7-44-54https://doaj.org/article/ca6bb193cbd4404e9e5f02c06b3aec242018-04-01T00:00:00Zhttps://www.acjournal.ru/jour/article/view/615https://doaj.org/toc/1726-1139https://doaj.org/toc/1816-8590This paper is aimed at the analysis of the institutionalization of financial organ in the framework of the Shanghai Cooperation Organization. The paper outlines such aspects as: historical background and basic stages of SCO Bank concept development, correlation of SCO Bank concept with the general view of China’s economic strategy in Central Asia and the two alternatives of SCO financial institution - namely SCO Development Bank and SCO Foundation. The first one is promoted by the People’s Republic of China, while the second one was put forward by the Russian Federation. For China, SCO Bank formation according to Beijing-led principles would bring considerable benefits in terms of interest rates and contribute to its influence in Central Asia. Meanwhile, the post-Soviet Central Asian states are also advocating the Chinese plan of the Bank, due to the fact that almost all of them are interested in acquiring more and more lending from outside. In this situation, Russia ought to make an urgent decision, whether it should stand for its proposal of SCO Foundation or elaborate new initiatives. Economic cooperation has already become an important aspect of SCO multilateral interaction, and for Russia in these circumstances the most essential objective to realize would be the elaboration of a consistent strategy and the maintenance of its own priorities in Eurasian integration.Ksenia Gennadyevna MuratshinaNorth-West institute of management of the Russian Presidential Academy of National Economy and Public Administration articleshanghai cooperation organisationsco bankrussiachinacentral asiafinancial cooperationPolitical institutions and public administration (General)JF20-2112ENRUУправленческое консультирование, Vol 0, Iss 7, Pp 44-54 (2018)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	shanghai cooperation organisation sco bank russia china central asia financial cooperation Political institutions and public administration (General) JF20-2112
spellingShingle	shanghai cooperation organisation sco bank russia china central asia financial cooperation Political institutions and public administration (General) JF20-2112 Ksenia Gennadyevna Muratshina On the Question of SCO Bank Institutionalisation
description	This paper is aimed at the analysis of the institutionalization of financial organ in the framework of the Shanghai Cooperation Organization. The paper outlines such aspects as: historical background and basic stages of SCO Bank concept development, correlation of SCO Bank concept with the general view of China’s economic strategy in Central Asia and the two alternatives of SCO financial institution - namely SCO Development Bank and SCO Foundation. The first one is promoted by the People’s Republic of China, while the second one was put forward by the Russian Federation. For China, SCO Bank formation according to Beijing-led principles would bring considerable benefits in terms of interest rates and contribute to its influence in Central Asia. Meanwhile, the post-Soviet Central Asian states are also advocating the Chinese plan of the Bank, due to the fact that almost all of them are interested in acquiring more and more lending from outside. In this situation, Russia ought to make an urgent decision, whether it should stand for its proposal of SCO Foundation or elaborate new initiatives. Economic cooperation has already become an important aspect of SCO multilateral interaction, and for Russia in these circumstances the most essential objective to realize would be the elaboration of a consistent strategy and the maintenance of its own priorities in Eurasian integration.
format	article
author	Ksenia Gennadyevna Muratshina
author_facet	Ksenia Gennadyevna Muratshina
author_sort	Ksenia Gennadyevna Muratshina
title	On the Question of SCO Bank Institutionalisation
title_short	On the Question of SCO Bank Institutionalisation
title_full	On the Question of SCO Bank Institutionalisation
title_fullStr	On the Question of SCO Bank Institutionalisation
title_full_unstemmed	On the Question of SCO Bank Institutionalisation
title_sort	on the question of sco bank institutionalisation
publisher	North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration
publishDate	2018
url	https://doaj.org/article/ca6bb193cbd4404e9e5f02c06b3aec24
work_keys_str_mv	AT kseniagennadyevnamuratshina onthequestionofscobankinstitutionalisation
_version_	1718430831874146304

On the Question of SCO Bank Institutionalisation

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