Tashkent:The Board of Governors of the Turkic Investment Fund convened in Tashkent to discuss expanding the Fund’s operations and strengthening investment ties among member countries.
According to Azerbaijan State News Agency, the discussions focused on promoting economic integration, mutual investment, and joint projects across the Turkic world. The meeting also addressed expanding financing opportunities and cooperation with international financial institutions.
First Deputy Minister of Economy Elnur Aliyev of Azerbaijan shared insights on the country’s experience in establishing bilateral investment funds with partner countries. He proposed enhancing cooperation between these funds and the Turkic Investment Fund, suggesting joint financing mechanisms as a means of strengthening these ties.
Aliyev emphasized support for cross-border projects, small and medium-sized enterprises (SMEs), trade finance, and lending in national currencies. He stressed the importance of operational efficiency and strong corporate governance in achieving these goals.
In conclusion, the meeting adopted a decision to appoint Azerbaijan as the chair of the Board of Governors until its next annual meeting, while Hungary was entrusted with the vice-chairmanship.