TIF and IFC Discuss Opportunities for Cooperation in Uzbekistan and Beyond

On October 21, 2026, Mr. Ramil Babayev, General Director of the Turkic Investment Fund (TIF), Mr. Sanjar Usmanov, Chief Investment Officer, and Mr. Mehmet Esat Mert, Acting Chief Financial Officer, met with Mr. Neil McKain, IFC Country Manager for Uzbekistan and Turkmenistan, to discuss shared priorities and prospects for cooperation.

The TIF representatives outlined the recent progress the Fund has made, highlighting its commitment to supporting private sector development, expanding access to finance, and strengthening regional connectivity across its Member States. They expressed interest in exploring cooperation with IFC to advance projects that contribute to sustainable economic growth.

Mr. McKain shared perspectives on IFC’s engagement in Uzbekistan and Turkmenistan, highlighting the importance of mobilizing investment by risk sharing tools, supporting entrepreneurship, and fostering a conducive environment for sustainable business development.

The meeting provided an opportunity to explore potential collaboration, including joint financing of investment projects and coordination in areas of mutual interest. Both institutions look forward to continuing their dialogue to identify opportunities for cooperation with lasting development impact.