BAKU, Azerbaijan, September 10. Kazakhstan and
the Turkic Investment Fund (TIF) discussed cooperation on projects
supporting the private sector, trade and regional connectivity, as
well as the Fund’s financing policy, TIF said.
This was announced in a statement by the press service of the
Turkic Investment Fund (TIF), following the meeting between TIF
President and Chairman of the Board of Directors Baghdad Amreyev
and Kazakhstan’s newly appointed Minister of Foreign Affairs
Mukhtar Tileuberdi.
According to the TIF, in the course of the meeting, Amreyev
congratulated Tileuberdi on his recent appointment and wished him
success in his new position. He also expressed his expectations for
continued cooperation between TIF, the Ministry of Foreign Affairs
and other relevant institutions of Kazakhstan.
Amreyev briefed the minister on TIF’s recent activities and said
that during its initial phase, the Fund plans to focus on projects
in its member states that support the private sector, trade and
regional connectivity.
Tileuberdi welcomed TIF’s activities and reaffirmed Kazakhstan’s
support for the Fund’s financing policy.
He also expressed Kazakhstan’s readiness to continue working
closely with TIF and relevant institutions of the country on
projects aimed at strengthening economic ties among the Turkic
states.
“The parties agreed to stay in close contact and continue their
cooperation as TIF develops further activities in Kazakhstan and
other member states,” TIF said.
The Turkic Investment Fund (TIF) is the first dedicated
international financial institution jointly established by the
Turkic states to promote economic cooperation, strengthen
intra-regional trade, and support sustainable development across
the Turkic world. While the concept of deeper economic integration
among Turkic countries dates back to 2011, the Agreement
Establishing TIF was signed during the Extraordinary Summit of the
Organization of Turkic States (OTS) in Ankara on March 16, 2023,
and officially entered into force on February 24, 2024.
