The Board of Governors of the Turkic Investment Fund convened in Tashkent to discuss expanding the Fund’s operations and strengthening investment ties among member countries.
The discussions focused on promoting economic integration, mutual investment and joint projects across the Turkic world, as well as expanding financing opportunities and cooperation with international financial institutions.
In his address, First Deputy Minister of Economy Elnur Aliyev shared Azerbaijan’s experience in establishing bilateral investment funds with partner countries and proposed strengthening cooperation between these funds and the Turkic Investment Fund, including through joint financing mechanisms.
He highlighted support for cross-border projects, SMEs, trade finance and lending in national currencies, stressing the importance of operational efficiency and strong corporate governance.
In conclusion, the meeting adopted a decision appointing Azerbaijan to chair the Board of Governors until its next annual meeting, while Hungary was entrusted with the vice-chairmanship.
