Currently, the Fund has an authorized capital of $600 million. After establishing a sustainable project portfolio, the Fund intends to increase its capital by raising the equity participation of member countries and accessing international financial markets.
Ramil Babaev emphasized that with the growth of resources, the Fund will be able to co-finance larger strategic projects, which will create new opportunities for attracting investments. This, in turn, will significantly expand the Fund's credit and investment capabilities.
The General Director also noted that over the next decade, the Fund expects an increase in cross-border trade volumes, an influx of investments, and improved connectivity in the Turkic region. He expressed the intention to actively participate in these processes by attracting international partners and financing significant projects that will enhance the global competitiveness of the member states.
It is important to note that the decision to establish the Turkic Investment Fund was made on November 11, 2022, at the 9th summit of the Organization of Turkic States. The Fund includes countries such as Azerbaijan, Hungary, Kazakhstan, Kyrgyzstan, Turkey, and Uzbekistan. The main objective of the Fund is to promote the economic development of the member states through increasing regional trade volume and supporting economic activity.
