Tashkent:The Board of Governors of the Turkic Investment Fund has convened in Tashkent, where a decision was made to appoint Azerbaijan as the chair of the Board of Governors until the next annual meeting. The meeting focused on expanding the Fund’s operations and strengthening investment ties among member countries.
According to Azerbaijan State News Agency, the discussions during the meeting emphasized promoting economic integration, mutual investment, and joint projects across the Turkic world. The talks also covered expanding financing opportunities and enhancing cooperation with international financial institutions.
First Deputy Minister of Economy Elnur Aliyev addressed the gathering, sharing Azerbaijan’s experience in establishing bilateral investment funds with partner countries. He proposed strengthening cooperation between these funds and the Turkic Investment Fund through joint financing mechanisms. Aliyev highlighted the importance of supporting cross-border projects, small and medium-sized enterprises (SMEs), trade finance, and lending in national currencies, while stressing the need for operational efficiency and strong corporate governance.
The meeting concluded with the decision to appoint Azerbaijan to chair the Board of Governors, with Hungary being entrusted with the vice-chairmanship.