08.12.25
The Turkic Investment Fund will begin financing projects in the first quarter of 2026, Azerbaijan’s Ministry of Economy reported, according to Interfax-Kazakhstan. According to the ministry, this decision was made at the 2nd meeting of the Fund’s Board of Governors held in Bishkek on December 5.
“The launch of the Fund’s investment activities will accelerate regional development and further expand investment cooperation among the member states of the Organization of Turkic States (OTS),” the statement said.
The agreement establishing the Turkic Investment Fund was signed at the OTS summit in 2023 in Ankara. The Fund’s capital amounts to 600 million USD and was formed through contributions from six countries — Azerbaijan, Türkiye, Kazakhstan, Uzbekistan, Kyrgyzstan, and Hungary (each contributing 100 million USD). The Fund’s activities are aimed at supporting joint projects across various sectors (infrastructure, renewable energy, agriculture, tourism, IT, and others).
The Turkic Investment Fund will operate for 20 years from the date of the founding meeting.
Earlier it was reported that Kassym-Jomart Tokayev believes it is necessary to focus on the full implementation of the “Turkic World Vision – 2040” program. He also noted that the organization proposes concrete mechanisms for implementing large trade and economic projects.
