Turkic Investment Fund holds third Board of Governors meeting in Tashkent

The Board of Governors of the Turkic Investment Fund (TIF) approved the 2025 annual report, elected the governor from Azerbaijan as chair and decided to hold its next meeting in Azerbaijan in 2027 at its third annual meeting in Tashkent.

The Board of Governors of the Turkic Investment Fund (TIF) held its third annual meeting in Tashkent on October 22. The meeting was chaired by Laziz Kudratov, Uzbekistan’s minister of investment, industry and trade and a member of the fund’s Board of Governors; Deputy Minister Khurram Teshabaev led the meeting on behalf of the Board.

Participants reviewed the fund’s work since its second meeting and discussed priorities for the next stage of its institutional and operational activities. Fund President Bagdat Amreyev outlined its main areas of work and achievements, while Director General Ramil Babaev presented a report on concluded partnerships, the progress of project financing and priorities for the coming year.

Заседание Совета управляющих Тюркского инвестиционного фонда в Ташкенте

The Board approved the fund’s 2025 annual report along with its audited financial statements, adopted rules for the rotation of senior management, appointed an external auditor and approved the fund’s further institutional development. The governor from Azerbaijan was elected chair of the Board until the next annual meeting, while the governor from Hungary became deputy chair. The fourth meeting will be held in Azerbaijan in 2027.

Representatives of all six member states participated in the meeting: Uzbekistan, Azerbaijan, Hungary, Kazakhstan, Kyrgyzstan and Türkiye. Türkiye was represented by Kerem Dönmez, director general for foreign economic relations at the Ministry of Treasury and Finance.

The meeting was a farewell for Bagdat Amreyev, the fund’s first president, who is completing a four-year term and was recently elected deputy secretary general of the Organization of Islamic Cooperation. Amreyev, who was appointed to the post on November 11, 2022, expressed confidence that the fund would continue to grow and contribute to the economic integration of Turkic states.

Turkic Investment Fund holds third Board of Governors meeting in Tashkent