BISHKEK, June 7 (Xinhua) -- Kyrgyz President Kurmanbek Bakiyev is upbeat over the prospects of the Shanghai Cooperation Organization (SCO), saying the regional group has a broad outlook for development.

    He made the remarks in a joint interview with major Chinese media just ahead of the June 15 summit in Shanghai.

    SCO INDISPENSABLE FOR REGIONAL SECURITY, STABILITY

    In the interview, Bakiyev said the SCO was an indispensable multilateral organization for securing regional security and stability.

    The SCO has drawn world attention since its establishment, and is regarded as a multilateral organization with the brightest prospects for development and has great political and economic potentials, the president said.

    Playing an irreplaceable role in regional security and stability, the SCO is also an effective mechanism for boosting mutual trust, good neighborliness and cooperation in all fields among its member states, he said.

    Economic cooperation is a key factor in consolidating the SCO, Bakiyev said, adding that China's offer of a loan of 900 million US dollars on favorable terms for other SCO member states has created good conditions for strengthening multilateral cooperation within the SCO framework.

    Continuing work to improve the judicial foundation is an important aspect on the SCO's agenda, he said.

    By establishing an effective mechanism of coordination with the SCO observers to enable all of the SCO member states and the observers to participate in large-scale economic cooperative programs, the activities of the organization will become more practical, the president said.

    He said the prospects for the SCO were extremely broad with great tasks and high ambitions, such as coping with international threats and challenges, launching the fight against terrorism, extremism and separatism, deepening cooperation in economy and trade, improving people's living standards, securing social and political stability as well as extending cooperation in technology, science and education.

    The upcoming SCO summit in Shanghai will be of great importance as it will mark the fifth anniversary of the SCO establishment, sum up past experiences, set priorities for the future and appoint new leaders for its permanent body, the president said.

    Kyrgyzstan will make continuous contributions to the development of the SCO, Bakiyev pledged, saying that strengthening Kyrgyzstan's ties with the SCO matches the country's diplomatic priorities and national interests.