At the meeting of the Board of Directors of the Turkic Investment Fund held in Tashkent, issues of expanding the Fund’s activities and strengthening investment cooperation among member countries were discussed.
This was reported by the Ministry of Economy.
It was stated that at the meeting, the importance of the Fund in strengthening economic integration in the Turkic world, promoting mutual investments, and implementing joint projects was emphasized. Work done on organizing the Fund’s activities, expanding its financing capabilities, and cooperating with international financial institutions was reviewed.
The First Deputy Minister of Economy, Elnur Aliyev, highlighted Azerbaijan’s experience in creating bilateral investment funds with partner countries. He noted his proposals on strengthening the Turkic Investment Fund’s relations with these funds and creating joint financing mechanisms. Cross-border projects, support for small and medium-sized enterprises, trade finance, and lending in national currencies were highlighted as priority areas. The importance of strengthening efficiency and corporate governance in the Fund’s activities was emphasized.
At the meeting, it was decided that Azerbaijan would chair the Board of Directors until the end of the next annual meeting, and Hungary would serve as the vice-chair.