BAKU, Azerbaijan, April 16. Turkic Investment
Fund (TIF) has joined the Reserve Advisory & Management Partnership
(RAMP) network of the World Bank Group (WBG) Treasury, Trend reports via the
fund.


The partnership was formalized through a signing ceremony held
in Washington, D.C.


Participation in the RAMP network provides TIF with a unique
platform for two-way engagement, combining access to global best
practices with opportunities to contribute perspectives from a
regional development institution. This exchange is expected to
foster alignment with evolving international treasury
standards.


The engagement with WBG Treasury focuses on knowledge sharing,
technical cooperation, and benchmarking across a range of critical
treasury functions of the members. These include practices related
to liquidity management, risk management frameworks, treasury
governance, and operational processes and systems. Through this
collaboration, TIF gains access to extensive experience, technical
workshops, tools, and global expertise within RAMP. This engagement
is particularly valuable during TIF’s establishment phase, when
systems, governance arrangements, and operational processes are
being designed and implemented.


Ramil Babayev, General Director of TIF, stated that joining the
RAMP network and partnering with the World Bank Group Treasury
enables TIF to build its treasury function on a strong foundation
while contributing its regional perspective to a global community
of practitioners. He added that this collaboration provides direct
access to leading practices in treasury management and risk
governance.







Jorge Familiar, Vice President and Treasurer of the
International Bank for Reconstruction and Development (IBRD),
expressed his pleasure in welcoming the Turkic Investment Fund to
the World Bank Group RAMP community.


He noted that international financial institutions are playing
an increasingly important role within RAMP’s membership, adding
that their participation strengthens the exchange of perspectives
and best practices across the global network. According to
Familiar, the inclusion of the Turkic Investment Fund reflects both
the continued growth of the partnership and its growing relevance
for development-focused investors.


The decision to establish the Turkic Investment Fund was made on
November 11, 2022, at the 9th Summit of the Turkic Council. The
members of the fund are Azerbaijan, Hungary, Kazakhstan,
Kyrgyzstan, Türkiye, and Uzbekistan. The goal of the fund is to
promote the economic development of the member states of the Turkic
Council by expanding regional trade and supporting economic
activity.