The SCO’s financial security system and the Eurasian drive
By Piri ·
The Shanghai Cooperation Organization is considering establishing a Development Bank, which could create an independent payment system among member states, reducing reliance on the US-dominated financial infrastructure. This initiative, discussed at the 2025 Tianjin summit, aims to enhance Eurasian security by building financial autonomy.
Chapters
- An Evolution Attentive to Financial Considerations
- From Banking to Sovereign Capabilities
- Shortcomings and Opportunities
Adapted from Lorenzo Maria Pacini.