President of TIF Welcomed OTS Secretary General at Fund Premises

On 5 February 2025, H.E. Ambassador Kubanychbek Omuraliev, Secretary General of the Organization of Turkic States (OTS), paid a visit to the headquarters of the Turkic Investment Fund (TIF) in Istanbul. Ambassador Omuraliev was graciously welcomed by H.E. Baghdad Amreyev, President of TIF, and Mr. Ramil Babayev, General Director of TIF.

During the visit, both sides engaged in fruitful discussions aimed at enhancing cooperation and identifying new opportunities for collaboration between TIF and OTS. The discussion underscored the mutual commitment to strengthening ties among Turkic countries.

H.E. Baghdad Amreyev emphasized the shared vision of OTS and TIF in advancing economic integration within the Turkic world, noting that TIF is an integral part of the Turkic cooperation framework, describing both organizations as members of the same family. He stressed that closer coordination between the two organizations is essential to achieving the goals set out in the Turkic World Vision-2040.

President of TIF highlighted current TIF’s undertakings and outlined the planned activities for 2025, focusing on priority sectors and planed key intervention areas. He expressed TIF’s determination to enhance its financial capabilities through co-financing and international partnerships, which will enable the scaling up of critical development projects.

H.E. Ambassador Kubanychbek Omuraliev congratulated TIF on its new headquarters and expressed confidence in the positive impact that TIF will have on economic relations among Turkic countries. He reiterated the importance of economic cooperation pillar in the broader Turkic cooperation process, recognizing TIF as vital for deepening Turkic economic ties.

The OTS Secretary General also underlined the high expectations among the Member States for TIF’s success and stressed the importance of an active participation of the Fund in the OTS economic events, including meetings of the Ministers of Economy and Trade. He further stressed the necessity of a proper preparation of the upcoming meeting of the Coordination Committee of the Turkic Cooperation Organizations, expressing hope that TIF will play a significant role in creating synergies within the Committee’s efforts.

Mr. Ramil Babayev, General Director of TIF, provided a detailed information on the preparation of the necessary regulations and policies of the Fund and stressed the significance of developing partnerships with financial institutions across Member States. Mr. Babayev assured that TIF remains dedicated to advancing economic ties in the Turkic world and emphasized that the terms offered by TIF would be competitive and attractive.

The meeting concluded with a shared determination to further strengthen the ties between TIF and OTS, reinforcing the importance of collective efforts in advancing the economic prosperity of the Turkic world.