DUSHANBE, October 15, 2009, Asia-Plus – The Business Council and Interbank Association of the Shanghai Cooperation Organization (SCO) member states has agreed on a $6 billion common investment pool, a senior Russian banker said on Wednesday, RIA Novosti reported.

Vladimir Dmitriyev, chairman of the Russian state-owned national development bank Vnesheconombank, who presides over the SCO Interbank Association this year, said that the agreement stipulates the creation of a single base for about 35 investment projects that could be implemented in all the member states.

"We have agreed on creating a center of business cooperation, a sort of a business club where representatives of authorities, business circles and the banking community can meet and implement joint projects," Dmitriyev said.