TIF and OPEC Fund Presidents Discuss Further Cooperation

H.E. Baghdad Amreyev, President of the Turkic Investment Fund (TIF), accompanied by Mr. Ramil Babayev, General Director of TIF, held a meeting with H.E. Dr. Abdulhamid Alkhalifa, President of the OPEC Fund for International Development, on 14 October 2026, in Bangkok, Thailand, on the margins of the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group.

The meeting followed earlier exchanges between the two Presidents in Vienna and Baku, where they considered potential joint financing and closer ties between their institutions. The discussions also covered possible joint investments in infrastructure, energy, agriculture, and other sectors, as well as financing for MSMEs in TIF Member States.

H.E. Baghdad Amreyev welcomed the progress in cooperation with the OPEC Fund, particularly the joint financing initiative involving Hamkorbank in Uzbekistan. He expressed hope that this would be the beginning of further joint operations and proposed that the investment teams of both institutions work together to identify suitable projects for 2027.

Dr. Alkhalifa welcomed the Hamkorbank initiative and expressed interest in exploring further joint financing opportunities in TIF Member States. He also acknowledged the potential for closer technical cooperation between the two institutions.

Mr. Ramil Babayev, General Director of TIF, shared his views on the possible project pipeline between TIF and OPEC Fund and ways to maintain regular working relations between the two institutions.

The TIF delegation also included Mr. Mehmet Esat Mert, Acting Chief Financial Officer, and Dr. Erhan Türbedar, Senior Advisor to the President of TIF for Economic Affairs. The President of the OPEC Fund was accompanied by Mr. Sami Ben Daamech, Senior Advisor to the President; Mr. Said Taufik Ridha, Director of the Business Development Unit for the Private Sector; and Mr. Baret Gürden, Investment Manager for the Private Sector.