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China offers $10 billion loan to SCO

(Agencies)
Updated: 2009-06-16 15:13

Chinese President Hu Jintao attends the small-sized group meeting of the leaders of Shanghai Cooperation Organization (SCO) member states and observers in Yekaterinburg, Russia, on June 16, 2009.[Xinhua]

YEKATERINBURG, Russia -- President Hu Jintao says China will extend a $10 billion loan to a regional group that also includes Russia and four Central Asian states.

Full coverage:  SCO & BRIC Summits  Related readings: Hu attends SCO summit in RussiaHu meets SCO member leaders Hu meets with Indian prime minister China offers aid to Pakistan, Hu meets C. Asian leaders

Hu spoke at a summit of the Shanghai Cooperation Organization (SCO) in Russia. He said the loan is intended to shore up the struggling economies of its members amid the global financial crisis.

Founded in 2001, the SCO consists of Kazakhstan, China, Kyrgyzstan, Russia, Tajikistan and Uzbekistan. Mongolia, India, Pakistan and Iran are observers of the organization.

At the annual summit, the leaders will discuss important issues including how to tackle the international financial crisis and how to expand cooperation in political, economic, security and other areas among its member states.

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SCO Member States

	Kazakhstan
	China
	Kyrgyzstan
	Russia
	Tajikistan
	Uzbekistan

SCO Observer States

	India
	Iran
	Mongolia
	Pakistan

BRICs

	Brazil
	Russia
	India
	China

Related Coverage

• Official Website of 2009 SCO Summit
• Yakaterinburg, Russia
• Shanghai Cooperation Organization
• Hu Visits Five Nations
• Hu at G20 and APEC