Turkic Investment Fund

TURKIC INVESTMENT FUND ANNOUNCES THE START OF FINANCING ACTIVITIES Bishkek, 5 December 2025 – The Board of Governors of the Turkic Investment Fund on Friday announced the launch of the Fund’s operational activities, setting the start of financing activities until the end of the first quarter of 2026. The decision marks the Fund’s transition from its establishment phase into operationalization of the Fund’s financing activities. The meeting was held in Bishkek at the invitation of H.E. Sadyr Zhaparov, President of the Kyrgyz Republic, and hosted by Mr. Bakyt Sydykov, Minister of Economy and Commerce of the Kyrgyz Republic. Read more: turkicfund.org/press-release…

TIF General Director Participated in AIIB Roundtable on Development Finance On October 26, 2026, Mr. Ramil Babayev @ramilbabayevTIF, General Director of the Turkic Investment Fund (TIF), participated in the roundtable “Central Asia and the Caucasus Development Finance,” organized by the Asian Infrastructure Investment Bank (AIIB) @AIIB_Official in Istanbul, Türkiye. The TIF delegation also included Mr. Sanjar Usmanov, Chief Investment Officer, and Mr. Mehmet Esat Mert, Acting Chief Financial Officer. The event brought together representatives of TIF, the European Bank for Reconstruction and Development @EBRD, the World Bank @WorldBankGroup, and the Black Sea Trade and Development Bank @BSTDB, as well as government representatives, including officials from Georgia’s Ministry of Finance @mofgeorgia and Türkiye’s Ministry of Transport and Infrastructure @UABakanligi. The roundtable provided an opportunity for participating institutions to exchange perspectives on infrastructure priorities and financing needs across Central Asia and the Caucasus. Mr. Babayev contributed as a panelist to the Session “Shaping Central Asia and the Caucasus Development Finance Response to Address Connectivity Challenges and Financing Gaps.” He highlighted the importance of coordinated project preparation, a shared pipeline of investment-ready projects and clearly defined roles among financing partners. Citing TIF’s support for Almaty International Airport and KMF Bank, alongside its co-financing arrangements with EBRD, Islamic Corporation for the Development of the Private Sector and FMO, he emphasized that infrastructure investment should be complemented by business financing to translate stronger connectivity into expanded trade, inclusivity, economic growth and employment. The session also featured Ms. Ekaterine Guntsadze @eka3185, Deputy Minister of Finance of Georgia; Ms. Idil Gursel, Deputy Head for Infrastructure in Türkiye at the EBRD; Mr. Jean-Christophe Carret @jc_carret, Country Director at the World Bank; Mr. Ziya Aliyev, Vice President Banking at the Black Sea Trade and Development Bank; and Mr. Mehmet Hanifi Güler, Head of Department for International Policy at Türkiye’s Ministry of Transport and Infrastructure. TIF reaffirmed its readiness to contribute its capital, regional expertise and institutional partnerships to advancing connectivity and economic integration across its member states.

TIF President Attended the Summit of the Organization of Turkic States in Ankara On 30 October 2026, H.E. Baghdad Amreyev @anreyev, President and the Chairman of the Board of Directors of the Turkic Investment Fund (TIF), attended the 13th Summit of the Organization of Turkic States (OTS) @Turkic_States, held in Ankara, Türkiye. The Summit was hosted by H.E. Recep Tayyip Erdoğan, President of Türkiye @trpresidency, under the theme “Turkic Century: Unity in Language, Thought and Deed.” Alongside the President of Türkiye, H.E. Kassym-Jomart Tokayev, President of Kazakhstan; H.E. Sadyr Japarov, President of Kyrgyzstan; H.E. Shavkat Mirziyoyev, President of Uzbekistan; H.E. Jeyhun Bayramov, Minister of Foreign Affairs of Azerbaijan; H.E. Serdar Berdimuhamedov, President of Turkmenistan; H.E. Tufan Erhürman, President of the Turkish Republic of Northern Cyprus. Other participants included H.E. Kubanychbek Omuraliev @KubanOmurali, Secretary General of the OTS, H.E. Binali Yıldırım @BY, Chairman of the OTS Council of Elders (Aksakals); Mr. Ramil Hasan @RamilRhasanov, Secretary General of the Parliamentary Assembly of Turkic States (TURKPA) @TURK_PA; Mr. Sultan Raev @SultanRaev, Secretary General of the International Organization of Turkic Culture (TURKSOY) @turksoyorg; Mr. Shahin Mustafayev, President of the Turkic Academy @turkic_academy; Ms. Aktoty Raimkulova, President of the Turkic Culture and Heritage Foundation @_TCHF; and Mr. Adem Kula, Secretary General of the Union of Turkic Chambers of Commerce and Industry (TCCI) @TurkicOf. The leaders discussed regional and international developments, with particular attention to economic cooperation, trade, investment, transport, energy, digital technologies and regional security. They also reviewed progress on the Turkic World Vision 2040 and preparations for the OTS Strategy for 2027–2031, including proposals for joint projects. Presidents referred directly to TIF in their speeches. President Kassym-Jomart Tokayev called for greater use of TIF’s financial resources to carry out projects under the proposed OTS Strategy for 2027–2031. President Shavkat Mirziyoyev proposed the “Turkic World – 100” Programme, covering 100 joint investment and industrial projects. He called for the involvement of TIF and other international financial institutions in financing these projects. The leaders also discussed investment opportunities in areas relevant to TIF’s activities. President Recep Tayyip Erdoğan stressed the importance of developing the Trans-Caspian Middle Corridor and strengthening cooperation in energy, trade and digital technologies. President Kassym-Jomart Tokayev called for further investment in transport infrastructure, including the modernization of ports along the Middle Corridor. President Shavkat Mirziyoyev proposed joint projects in the processing of rare and strategic minerals, the production of equipment for green energy and the development of logistics hubs. President Sadyr Japarov spoke about the China–Kyrgyzstan–Uzbekistan railway, the Tamchy special financial and investment zone and tourism projects. President Serdar Berdimuhamedov spoke about cooperation in energy, transport, industry and agriculture, including further development of the Turkmenbashi port. Foreign Minister Jeyhun Bayramov addressed the Middle Corridor and the Zangezur Corridor, as well as opportunities for joint investment in transport, industry and green energy. At the conclusion of the Summit, the leaders adopted the Ankara Declaration and signed decisions on the appointment of H.E. Mirvokhid Azimov @AMirvokhid as the new Secretary General of the OTS, the appointment of Deputy Secretaries General and the President of the Turkic Academy. Türkiye also assumed the Chairmanship of the OTS from Azerbaijan.

TIF President Attended the Republic Day Reception Hosted by President Erdoğan On 29 October 2026, H.E. Baghdad Amreyev, President of the Turkic Investment Fund (TIF), attended the Republic Day reception hosted by H.E. Recep Tayyip Erdoğan, President of the Republic of Türkiye, at the Presidential Complex in Ankara, celebrating the 103rd anniversary of the Republic. During the reception, President Amreyev conveyed to President Erdoğan his congratulations on Türkiye's Republic Day. He extended his best wishes to President Erdoğan and the brotherly people of Türkiye for continued peace, success, and prosperity. President Amreyev also expressed his gratitude to President Erdoğan for Türkiye's steadfast support of the Turkic Investment Fund and its ongoing efforts to strengthen trade, economic, and investment cooperation among the Turkic States. President Erdoğan thanked Baghdad Amreyev for his enormous and dedicated work to the Turkic World. He warmly congratulated him on his election as the Deputy Secretary General of the Organization of Islamic Cooperation (OIC) and wished him great success in his future service to the Islamic World.

To His Excellency Mr. Mirvokhid Azimov Secretary General of the Organization of Turkic States Dear Secretary General, Mirvokhid Azimov @AMirvokhid! On behalf of the Turkic Investment Fund and on my own behalf, I extend my sincere congratulations to you on your appointment to the high and responsible position of Secretary General of the Organization of Turkic States @Turkic_States. Your standing, impeccable diplomatic experience, and profound knowledge of the institutional structure of our organization demonstrated, among other roles, during your service at the Ministry of Foreign Affairs of the Republic of Uzbekistan @uzbekmfa and the Secretariat of the Organization of Turkic States, were the foundation for this significant decision by the Council of Heads of State at the Ankara summit. It is symbolic that your assumption of office coincides with the beginning of a new milestone in our integration, under the banner: "Turkic Century: Unity in Language, Thought, and Action." The Turkic Investment Fund views the Organization of Turkic States as the primary strategic coordinator and political pillar of the entire Turkic World. Today, as our nations pursue the ambitious objectives set out in the "Turkic World Vision – 2040" and the new five-year strategy, economic and investment cooperation has taken on critical importance. At the Turkic Investment Fund, we are committed to the closest possible coordination with the Secretariat under your leadership. I am confident that, through our joint efforts, we will be able to effectively direct resources toward unlocking the industrial, technological, and transport logistical potential of our fraternal states, thereby transforming our shared strategic goals into tangible economic outcomes. I wish you, esteemed Secretary General, good health, inexhaustible energy, and great success in this noble position, for the sake of the prosperity and strengthened solidarity of the entire Turkic world. With deep respect and best wishes, President of the Turkic Investment Fund Baghdad Amreyev October 30, 2026

TIF President Attends OTS Council of Foreign Ministers Meeting in Ankara ANKARA, 29 October 2026 H.E. Baghdad Amreyev @anreyev, President of the Turkic Investment Fund (TIF), accompanied by TIF General Director Mr. Ramil Babayev @ramilbabayevTIF, attended the 13th Meeting of the Council of Foreign Ministers of the Organization of Turkic States (OTS) @Turkic_States held today in Ankara, Türkiye, ahead of the 13th summit of the Turkic States. The meeting was chaired by H.E. Hakan Fidan @HakanFidan, Minister of Foreign Affairs of the Republic of Türkiye @TC_Disisleri. High-level attendees included H.E. Jeyhun Bayramov @Bayramov_Jeyhun (Azerbaijan) @AzerbaijanMFA, H.E. Mukhtar Tileuberdi @MBTileuberdi (Kazakhstan) @MFA_KZ, H.E. Jeenbek Kulubaev (Kyrgyzstan) @MFA_Kyrgyzstan, H.E. Bakhtiyor Saidov @FM_Saidov (Uzbekistan) @uzbekmfa, and H.E. Tahsin Ertuğruloğlu (Turkish Republic of Northern Cyprus) @KKTC_Disisleri. Also in attendance were H.E. Mekan Ishangulyyev, Ambassador of Turkmenistan to Türkiye, H.E. Kubanychbek Omuraliev @KubanOmurali, Secretary General of the OTS, members of the OTS Council of Elders (Aksakals), and the heads of various Turkic Cooperation Organizations. The Foreign Ministers exchanged views on regional and international developments, focusing on strategies to strengthen political and economic ties among Turkic States. Discussions centered on deepening cooperation across trade, investment, transport, energy, and digital development. The Ministers also reviewed current OTS activities, assessed progress on past decisions, and finalized documents prepared for the upcoming 13th OTS Summit. In his address to the Council, TIF President Baghdad Amreyev reflected on the evolution of the Turkic cooperation process over the past two decades. He recalled the mandate entrusted to him by the Heads of State four years ago to establish the Turkic Investment Fund. Mr. Amreyev briefed participants on TIF’s milestones, highlighting its strategic partnerships with national and international financial institutions. He noted that the Fund successfully launched its financing operations this year through co-financing arrangements. Looking ahead, he stated that TIF's next phase will focus on direct investments, particularly joint ventures driving private sector collaboration across Member States. With his term as TIF President concluding in November 2026, Mr. Amreyev expressed his profound gratitude to the Heads of State, Foreign Ministers, and TIF’s governing bodies for their unwavering support. He also commended the Fund’s executive management and the President’s Office for their dedication and exceptional teamwork. Highlighting his recent election as Assistant Secretary-General of the Organization of Islamic Cooperation (OIC), Mr. Amreyev emphasized that he will continue to champion the objectives of the OTS, TIF, and broader Turkic cooperation from his new senior leadership role within the OIC. Speaking as Chairman of the meeting, H.E. Hakan Fidan extended his gratitude to Mr. Amreyev for his outstanding contributions to the Turkic world. Minister Fidan highly praised his instrumental role in establishing and developing key Turkic cooperation institutions—most notably the OTS and TIF—and wished him great success in his upcoming tenure at the OIC.

The Turkic Investment Fund extends its warmest congratulations to the Government and people of the Republic of Türkiye on the occasion of Republic Day, marking the 103rd anniversary of the proclamation of the Republic. Proclaimed on 29 October 1923 under the leadership of Mustafa Kemal Atatürk, the Republic stands as an enduring expression of the Turkish people’s determination to shape their future in independence and sovereignty. On this historic day, we honor its founding legacy and celebrate the dedication of generations to Türkiye’s development. We wish Türkiye continued success in the years ahead, and its people lasting peace, well-being and prosperity.

TIF President Met with the Head of the Istanbul office of Türkiye’s Ministry of Foreign Affairs On 26 October 2026, H.E. Baghdad Amreyev, President of the Turkic Investment Fund (TIF), met with H.E. Ambassador Dr. M. Mustafa Göksu, Istanbul Representative of the Ministry of Foreign Affairs of the Republic of Türkiye @MFATurkiye. During the meeting, H.E. Baghdad Amreyev and H.E. Ambassador Göksu exchanged views on TIF’s activities, cooperation between the Fund and the Turkish authorities, and the Fund’s commitment to supporting investment projects across its Member States. B. Amreyev also expressed his appreciation to the Ministry of Foreign Affairs of Türkiye for its continued support for the work of TIF and other Turkic Cooperation Organizations. H.E. Ambassador Dr. M. Mustafa Göksu expressed his appreciation to H.E. Amreyev for his great contributions to the integration and unity of the Turkic states in various areas. He wished B. Amreyev success in his new position at the OIC and expressed his belief that His Excellency would continue his service to the Turkic and Islamic worlds.

TIF Participated in the Ashmore Bayes Emerging Markets Seminar in London On 5–9 October 2026, Mr. Dauren Auzhani, Portfolio Performance, Forecasting and Financial Control Manager at the Turkic Investment Fund (TIF), participated in the Emerging Markets Seminar for Public Institutions in London, jointly organized by Ashmore Group plc @AshmoreEM and Bayes Business School @BayesBSchool. The five-day seminar brought together 22 participants from central banks, sovereign wealth funds, pension funds and other public institutions across 13 countries. The seminar combined academic sessions with practitioner perspectives from Ashmore investment and risk professionals, alongside a session on sovereign ratings delivered by @SPGlobalRatings. The seminar also offered opportunities to strengthen professional ties with peer institutions and exchange experience relevant to the Fund’s investment and treasury activities. TIF thanks Ashmore Group and Bayes Business School for the invitation and an insightful seminar.

TIF Advances Bilateral Engagements in Uzbekistan During its visit to Tashkent from 20 to 23 October 2026, the Turkic Investment Fund delegation held a series of bilateral meetings with public agencies, international financial institutions, investment companies and private-sector stakeholders. The TIF delegation comprised Mr. Ramil A. Babayev @ramilbabayevTIF, General Director; Mr. Sanjar Usmanov, Chief Investment Officer; Mr. M. Esat Mert, Acting Chief Financial Officer, and Mr. Mirlan Shatmanov, Risk Manager. The delegation engaged with the International Finance Corporation @IFC_org, European Investment Bank @EIB, Azerbaijan-Uzbek Investment Company (AUIC), Vision Invest @VisionInvestKSA, Highland Capital @HighlandCapital, Agency for the Development of Light Industry under the Cabinet of Ministers of the Republic of Uzbekistan, Entrepreneurship Development Company (EDC). The discussions focused on identifying bankable investment opportunities and strengthening cooperation in private sector development within a broad set of sectors, including physical and digital infrastructure, transport and logistics, energy, textiles and agriculture, and public services. TIF will continue working with its partners to translate these discussions into practical cooperation and high-impact investment opportunities.

On October 26, 2026, Mr. Ramil Babayev @ramilbabayevTIF, General Director of the Turkic Investment Fund (TIF), will participate as a panelist in the AIIB @AIIB_Official Regional Roundtable for Central Asia and Caucasus Development Finance. He will join Session 4, “Shaping Central Asia and the Caucasus Development Finance Response to Address Connectivity Challenges and Financing Gaps,” which will bring together government representatives and development finance leaders to discuss stronger institutional cooperation, coordinated investment approaches and opportunities to mobilize financing for regional connectivity. The session will also feature Ms. Ekaterine Guntsadze @eka3185, Deputy Minister of Finance of Georgia @mofgeorgia; Ms. Idil Gursel, Deputy Head, Infrastructure Türkiye, @EBRD; Mr. Jean-Christophe Carret @jc_carret, Country Director, @WorldBankGroup; Mr. Ziya Aliyev, Vice President Banking, Black Sea Trade and Development Bank @BSTDB; and Mr. Mehmet Hanifi Güler, Head of Department for International Policy, Ministry of Transport and Infrastructure of Türkiye @UABakanligi.

The Turkic Investment Fund extends its warmest congratulations to the Government and people of the Republic of Kazakhstan on the occasion of Republic Day. Commemorating the adoption of the Declaration on State Sovereignty on 25 October 1990, this day honors a landmark step towards Kazakhstan’s independence and offers an opportunity to celebrate the country’s achievements and the contributions of its people to national development. May the years ahead bring continued progress and a bright future for Kazakhstan and its people.

TURKIC INVESTMENT FUND HELD ITS THIRD BOARD OF GOVERNORS MEETING Tashkent, 22 October 2026 – The Board of Governors of the Turkic Investment Fund (TIF) gathered for its third annual meeting held in Tashkent under the Chairmanship of H.E. Laziz Kudratov, Minister of Investment and Industry and Trade of the Republic of Uzbekistan @MIIT_Uz, a member of the Board of Governors of TIF. The meeting was presided over by Mr. Khurram Teshabaev, Deputy Minister of Investment, Industry and Trade of the Republic of Uzbekistan, who was designated by the Board of Governors to chair the session. The meeting reviewed the Fund’s progress since the second session of the Board of Governors and considered priorities for the next stage of its institutional and operational activities. H.E. Baghdad Amreyev @anreyev, President of the Turkic Investment Fund, delivered his Statement to the Board and shared with the Governors the Fund’s principal activities, achievements, and strategic developments. The Board heard the presentation of the Executive Management made by Mr. Ramil Babayev @ramilbabayevTIF, General Director, that covered partnerships concluded, progress in financing activities, the development of the project, and the Fund’s financing priorities for the year ahead. The Board of Governors approved the Fund’s Annual Report for 2025, including its audited financial statements. The Board adopted the Rules of rotation of the high Management of the Fund, appointed the external auditor, and approved the Fund’s further institutional development. The Board elected the Governor of Azerbaijan as Chairman and the Governor of Hungary as Vice-Chairman, both to serve until the next annual meeting. The Board also decided to hold its fourth annual meeting in Azerbaijan in 2027. The meeting brought together representatives of the Fund’s six member states: Mr. Khurram Teshabaev, Alternate Governor for Uzbekistan and Deputy Minister of Investment, Industry and Trade; Mr. Elnur Aliyev @ElnurAAliyev, Alternate Governor for Azerbaijan and First Deputy Minister of Economy @MinEconomyAZ; Dr. Gábor Matula, Alternate Governor for Hungary and Deputy State Secretary at the Ministry of Economy and Energy; Mr. Dauren Kengbeil, Alternate Governor for Kazakhstan and Vice Minister of Finance; Mr. Bakyt Sydykov, Governor for the Kyrgyz Republic and Minister of Economy and Commerce; and Mr. Kerem Dönmez, Temporary Alternate Governor for Türkiye and Director General for Foreign Economic Relations @HMBakanligi. The Third Meeting of the Board of Governors also marked a farewell for H.E. Baghdad Amreyev, the first President of the Turkic Investment Fund, on the occasion of the conclusion of his four-year mandate and his recent election as Deputy Secretary General of the Organization of Islamic Cooperation. B. Amreyev expressed his sincere gratitude to the Presidents of TIF Member States, who instructed and entrusted him with the establishment of TIF, appointing him on 11 November 2022 as the First President of the Fund to accomplish this extremely high mission. He said he remains fully confident that the Fund will continue to grow, successfully serving the shared interests and driving the economic integration of the Turkic States. He thanked the Governments of the Member States, the Governors, the Board of Directors, the Executive Management and Fund’s staff for their support and joint efforts.