― 21 мая 2024 г.

First meeting of the Turkic Investment Fund held in Istanbul

The first  meeting of the Management Board of  the Turkic Investment Fund was held on May 18th 2024 in Istanbul in the presence of Deputy Secretary General Sayit Yusuf who attended the event on behalf of TURKSOY.
 

The meeting  is considered as an important milestone where decisions were made regarding the development of economic cooperation and mutual commercial investments between the Turkic States.

 
In an exclusive interview, TURKSOY Deputy Secretary General Sayit Yusuf stated that the Turkic Investment Fund will give an impetus to  commercial activities between kindred  countries and said: "With TURKSOY, we have built a golden bridge connecting all parts of the Turkic World with one another. Thanks to this bridge, kindred peoples got to know each other, learnt each other's language and culture. All kinds of commercial activities to be built on this cultural infrastructure will of course be successful."

 
The Minister of Treasury and Finance Mr. Mehmet Şimşek who also took the floor at the meeting said: "Today we are holding a historic meeting where the first decisions will be made regarding the  Fund and its operational deployment. Turkic States are expected to reach an important status in  world economy with an economic size  reaching 1.9 trillion dollars and a population of 178 million by the end of 2024. Based on the Turkic World 2040 Vision Document, the most important goal we are intending to reach through the  establishment of the  Turkic Investment Fund is to ensure the development of economic and commercial ties between  Turkic States." 
 

The meeting was attended by  the Vice President of the Republic of Türkiye Mr. Cevdet Yılmaz, the Deputy Prime Minister of Kazakhstan Mr. Nurlan Baibazarov, the Minister of Treasury and Finance the Republic of Türkiye Mr. Mehmet Şimşek, the Minister of Investment, Industry and Trade of Uzbekistan Mr. Laziz Kudratov, the Deputy Minister of Economy of Azerbaijan Mr. Elnur Aliyev, the Secretary General of the Organisation of Turkic States Ambassador Kubanichbek Omuraliev and the President of the Turkic Investment Fund Ambassador Baghdad Amreyev.

The Management Board of  the Turkic Investment Fund focused on strategic initiatives aimed  at  developing  investment opportunities and fostering economic integration in the region. In the meeting, participants also expressed the  determination of  member states to use the Turkic Investment Fund as an important financial resource which will ensure sustainable development and increase prosperity.