ANTALYA, Türkiye, April 17. The Turkic
Investment Fund (TIF) plans to finance projects related to the
development of the Middle Corridor in Azerbaijan, the fund's
President Baghdad Amreyev, told Trend's special correspondent on the sidelines of the
Antalya Diplomatic Forum.
“The priority areas for funding related to Azerbaijan include a
significant number of logistics projects. Particular attention is
being paid to the Middle Corridor. We hope to begin implementing
these projects in the near future,” he noted.
According to Amreyev, the fund’s authorized capital is $100
million, and it is expected to increase to $3 billion in the coming
years.
''The implementation of projects began on April 1. The first
group of initiatives will be carried out in participating countries
in partnership with the European Bank for Reconstruction and
Development. The second group of projects also involves
co-financing with the Islamic Development Bank," he noted.
