At the recent Shanghai Cooperation Organisation (SCO) summit in Tianjin, member nations officially approved the creation of a new Development Bank, marking a significant milestone after ten years of deliberations. The bank aims to enhance regional efficiency and promote social development among member states. Andrea Heng, Hairianto Diman, and Rani Samtani explore its importance and compare it with institutions such as the BRICS Bank and the Asian Infrastructure Investment Bank (AIIB), in a discussion with Dr. Flavia Zimmermann, Lecturer in Public Policy at the University of Melbourne’s School of Social and Political Sciences.

Disclaimer: This Podcast is taken from CNA.