Development banks of the Shanghai Cooperation Organization (SCO) will discuss anti-crisis support measures for national economies as part of the first stage of the Road Map to Overcome the Pandemic’s Consequences for the SCO Economies. The SCO Interbank Consortium (SCO IBC) conference will be held online on 7 August 2020.
Heads of SCO IBC banks, representatives of ministries and leading experts will discuss strategies for overcoming the global economic crisis caused by the coronavirus pandemic. Economists from Russia and the SCO countries will present their analysis of the situation and forecast for the coming months, propose action plans to overcome the crisis, and exchange practical experience on measures to support national economies.
The development institutions of the SCO countries played a crucial role in combating the economic consequences of the pandemic, supporting companies with loans and guarantees, curbing unemployment, and providing reliable support to the governments of the organisation's member countries. Over the past six months, they have accumulated unique experience that can be useful to their colleagues in the SCO IBC in dealing with new challenges, including in the event of a second wave of coronavirus. The conference will be organised by VEB.RF as part of its presidency in the SCO IBC in 2020 and the development of the anti-crisis roadmap.
The conference will be opened by RANEPA Rector Vladimir Mau, who will make a report on the prospects for economic cooperation between the SCO countries in the period of post-pandemic economic recovery. The conference will bring together VEB.RF's top management, representatives of Russian ministries and the Ministry of Commerce of the PRC, Head of the Eurasian Development Bank Nikolai Podguzov and national development institutions of the SCO member states: the Development Bank of Kazakhstan, the State Development Bank of China, National Bank for Foreign Economic Affairs of the Republic of Uzbekistan and others. The Russian Export Centre (part of the VEB.RF Group) and the RSMB Corporation will also report on the results of anti-crisis measures.
The conference will be held on 7 August 2020 at the Glassroom Multimedia Auditorium of the SKOLKOVO Moscow School of Management. The event is scheduled to start at 10:00 a.m. (MSK). The broadcast will be available here.
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