BAKU, Azerbaijan, October 26. Kyrgyzstan will
nominate the next president of the Turkic Investment Fund for the
2026-2030 term, following the approval of a rotation schedule for
the fund’s leadership positions.
According to the press service of the Ministry of Economy and
Commerce of the Kyrgyz Republic, the decision was made at the third
meeting of the Fund’s Board of Governors in Tashkent on October 22,
2026. Kyrgyz Minister of Economy and Commerce Bakyt Sydykov
represented the country at the meeting as its governor on the
Board.
The meeting addressed the Fund’s activities, achievements and
development prospects, as well as improvements to governance
mechanisms and cooperation among member states.
Particular attention was paid to refining the rotation mechanism
for the positions of president and director general. The Board of
Governors approved a schedule for rotating the leadership positions
among member states, under which Kyrgyzstan will nominate the
Fund’s next president for the 2026-2030 term.
Kyrgyzstan’s participation in the Fund is aimed at strengthening
financial and investment cooperation among member states, expanding
opportunities to attract investment and supporting projects that
contribute to economic development and regional connectivity.
The Turkic Investment Fund is a multilateral financial
institution established to promote economic cooperation and expand
investment ties among Turkic states.
The Turkic Investment Fund serves as a platform for financial
cooperation among its member states, with a focus on facilitating
investment and supporting economic activity across the region. Its
work includes developing mechanisms to encourage cross-border
business ties and improve access to financing for projects
involving participating countries.
Regional financial institutions can support cooperation by
helping mobilize capital for infrastructure, trade, manufacturing
and other areas of economic activity. The practical impact of such
initiatives depends on the Fund’s financing instruments, project
pipeline and the participation of businesses and public
institutions in member states.
