SCO Heads Condemn Pahalgam Terror Attack
• SCO heads condemn the Pahalgam terror attack, citing the ongoing challenges of Cold War mentality and bullying.
• The summit focuses on strengthening the Global South amid global uncertainties in trade and a chaotic global situation.
• The SCO proposed a Global Governance Initiative (GGI), calling for a more just and equitable global governance system.
• China’s Foreign Minister Wang Yi emphasized the importance of utilizing UN mechanisms and multilateral ideals for global governance.
• Pakistan and Armenia announced diplomatic relations development at the summit.
• The SCO has decided to merge the statuses of non-member countries to a single partner status.
• An agreement was made to establish an SCO development bank, a long-term ambition of Beijing.
• All member states expressed deep concern over Israel’s ongoing war on Gaza and the humanitarian situation in the Gaza Strip.
• The declaration also condemned military strikes by Israel and the U.S. against Iran.
• The declaration also took note of the political situation in Afghanistan and reaffirmed support for China’s Belt and Road Initiative.
• Xi pledged to provide ¥2 billion in grants to member countries and an additional ¥10 billion in loan to member banks of the SCO Interbank Consortium over the next three years.
SCO counterterrorism efforts is important topic for Civil service exam (WBCS).
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