Astana Times: Turkic Investment Fund Holds its Inaugural Board of Governors Meeting in Istanbul

Astana Times: Turkic Investment Fund Holds its Inaugural Board of Governors Meeting in Istanbul
22 May 2024

Kazakh Deputy Prime Minister and National Economy Minister Nurlan Baibazarov participated in the inaugural meeting of the Turkic Investment Fund's (TIF) Board of Governors in Istanbul, underscoring Kazakhstan's support for Turkic integration. The TIF, with an initial capital of $500 million, aims to enhance economic and commercial ties among Turkic nations. Baibazarov highlighted Kazakhstan's full backing for the fund's activities, anticipating its role as a catalyst for economic growth and development across participating countries. The fund will facilitate joint projects spanning infrastructure, renewable energy, agriculture, tourism, and IT, fostering economic diversification and job creation. Through TIF, Kazakhstan seeks to strengthen trade relations with Organization of Turkic States (OTS) members, leveraging grants, finance, and technical assistance for socially impactful initiatives. The establishment of TIF was proposed by President Kassym-Jomart Tokayev in 2021, with OTS members Azerbaijan, Kazakhstan, the Kyrgyz Republic, Türkiye, and Uzbekistan concurring to its formation in March last year.

Please find original version of article below:

Photo Credit: Prime Minister's Office of the Republic of Kazakhstan 

The information shared by the Islamic Organization for Food Security (“IOFS”) on (the “Site”) serves solely for general informational purposes. As a non-profit international organization, IOFS provides this information in good faith, with no intention to commercialize, profit, or exploit any content. Commercial use, including reselling, charging for access, redistribution, or creating derivative works, such as unofficial translations based on these documents, is strictly prohibited. All posts, publications, texts, and any other information on the Site, owned by authors and references, are appropriately linked.

IOFS disclaims any liability for loss or damage of any kind resulting from the use of the Site. Your understanding and compliance with these terms contribute to maintaining the informative and non-commercial nature of our platform.