BAKU, Azerbaijan, October 26. Uzbekistan is
looking to expand access to investment financing through the Turkic
Investment Fund (TIF), focusing on infrastructure, energy,
industrial cooperation and entrepreneurship, the Ministry of
Investment, Industry and Trade said following the fund’s third
Board of Governors meeting in Tashkent on October 24.
Uzbekistan was represented at the meeting by Deputy Minister of
Investment, Industry and Trade Khurram Teshabayev. Representatives
of Azerbaijan, Hungary, Kazakhstan, Kyrgyzstan and Türkiye also
took part.
The participants reviewed the fund’s activities and outlined
priorities for its future operations, including expanding financing
for investment projects, attracting additional resources and
strengthening cooperation with international financial
institutions.
They also discussed potential projects in transport and
logistics infrastructure, industrial cooperation, energy and
entrepreneurship. These areas align with Uzbekistan’s efforts to
attract investment, modernize infrastructure and expand business
opportunities.
The meeting also addressed corporate governance, operational
efficiency and the distribution of responsibilities among the
fund’s governing bodies.
Following the discussions, the participants outlined further
steps to expand the fund’s activities and advance joint investment
projects. Azerbaijan assumed the chairmanship of the Board of
Governors until the next annual meeting.
Established by member countries of the Organization of Turkic
States, the Turkic Investment Fund aims to promote economic
cooperation and support investment projects across participating
countries. For Uzbekistan, the fund provides a regional framework
for exploring financing opportunities, developing cross-border
projects and strengthening economic ties with other member
states.
