Turkic Investment Fund Ready to Launch Financial Operations After Institutional Setup

The Turkic Investment Fund (TIF) has successfully completed its institutional development phase and is gearing up to commence financial operations shortly.

TIF President Baghdad Amreyev announced that the Fund is focused on expanding its capital through partnerships with international stakeholders and collaboration with leading global financial institutions, The Caspian Post informs via TIF.

He highlighted that TIF aims to become a vital platform for enhancing economic cooperation between Turkic-speaking countries and their global partners. Amreyev expressed confidence that the Fund will significantly contribute to strengthening economic ties among its member states.

Founded on May 18, 2024, by Türkiye, Azerbaijan, Kazakhstan, Kyrgyzstan, and Uzbekistan, the Turkic Investment Fund is dedicated to supporting public and private sector projects within the Turkic world. The Fund prioritizes investments in critical sectors including infrastructure, renewable energy, agriculture, and tourism, while fostering sustainable economic growth across the region.

With Hungary joining the Fund recently, the authorized capital has increased by $100 million, raising the total to $600 million. This expansion reflects growing international confidence in TIF’s role in regional economic development.