The establishment of the Shanghai Cooperation Organization (SCO) development bank would give 10 Eurasian countries an alternative to Western-dominated lenders like the World Bank and IMF, say analysts. SINGAPORE: China’s push for the Shanghai Cooperation Organization (SCO) to set up a development bank is its latest effort to internationalise the yuan and challenge Western-dominated financial institutions like the World Bank and International Monetary Fund (IMF), analysts say. They add that the