The Turkic Investment Fund (TIF) has officially
commenced its operations, with Kazakhstan, Azerbaijan, Kyrgyzstan, Uzbekistan,
and Türkiye as founding members. The fund, whose initial capital amounts
to $500 million, aims at developing economic and commercial relations between
Turkic states. Cooperation within the investment fund will enable Kazakhstan to
receive grants and technical assistance for launching socially important
projects, as well as to strengthen trade and economic interactions with the OTS
member states. The fund plans to finance projects in the field of
infrastructure development, alternative energy, agriculture, tourism, and IT. According
to estimates by the Turkish Ministry of Finance, the economies of Turkic states
are expected to reach nearly $2 trillion, with a population of 178 million
people by the year-end.
Web-editor: Aizhan
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