12:27 - 8.12.2025

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December 8, Fineko/abc.az. The Turkic Investment Fund plans to start financing projects in the first quarter of 2026, ABC.AZ reports, referring to the Ministry of Economy of Azerbaijan.

This decision was approved at the 2nd meeting of the Board of Governors of the Fund, held in Bishkek on December 5.

The Ministry stressed that the launch of full-fledged investment activity of the Fund will become an incentive for accelerated development of the region and expand partnership between the member states of the Organization of Turkic States (OTS).

The Turkic Investment Fund was established following the OTS Summit in Ankara in 2023. Its capital is $600 million, formed by equal contributions from six countries: Azerbaijan, Turkey, Kazakhstan, Uzbekistan, Kyrgyzstan and Hungary - by $100 million from each country.

Fund's mechanisms are aimed at supporting joint initiatives in key sectors of the economy, including infrastructure, renewable energy, agro-industrial complex, tourism, IT and other spheres.