Turkic Investment Fund to begin operations by early 2026 PHOTO

The Turkic Investment Fund (TIF) is expected to begin its investment activities by the end of the first quarter of 2026, following a decision taken at the second meeting of its Board of Governors in Bishkek.

The meeting focused on strengthening economic cooperation among Turkic states and finalising the legal and organisational framework for the Fund’s operations, Caliber.Az reports per Azerbaijan’s Ministry of Economy.

Speaking at the session, Azerbaijan’s First Deputy Minister of Economy, Elnur Aliyev, said economic integration in the Turkic world had deepened in recent years, with cooperation expanding across areas such as industry, energy, transport and digitalisation.

He said the launch of the Fund would accelerate regional development and further expand investment partnerships among member states. Aliyev also highlighted Azerbaijan’s favourable business climate and the investment opportunities available in the country.

Representatives of the participating countries underlined the importance of the Fund in boosting regional cooperation and improving the competitiveness of the Turkic world’s economies. They also stressed the need for its swift launch to support sustainable development and better use of investment potential.

During the meeting, key documents regulating the activities of the Board of Governors were approved. A decision was also taken to initiate steps to grant the Fund preferred creditor status.

At Azerbaijan’s proposal, the Board agreed to proceed with the Fund’s operational launch, setting a target for the start of investment activities by the end of the first quarter of 2026.

By Aghakazim Guliyev