TIF Delegation joined the first meeting of the “Turkish Green Finance Council”

The delegation of the Turkic Investment Fund (TIF), led by the President H.E. Baghdad Amreyev, participated in the 1st Inaugural Meeting of the Turkic Green Finance Council, held on 4 September 2025 at the Astana International Financial Center (AIFC) in Kazakhstan.

The meeting started with the keynote speeches of H.E. Renat Bekturov, AIFC Governor and the host of the event as well as H.E. Kubanychbek Omuraliev, the Secretary General of the Organization of the Turkic States (OTS), and H.E. Baghdad Amreyev, President of TIF. The speakers highlighted the importance of aligning regional financial practices with the UN Sustainable Development Goals (SDGs) besides focusing on the importance of regional cooperation in green finance.

The session also featured remarks on green finance status and updates on the Member States and Observers’ representatives, namely from Mr. Manas Gizhduaniyev, the CEO of AIFC Green Finance Centre, Mr. Shahin Mahmudzadeh, Director General of the Central Bank of Azerbaijan, Ms. Aida Chodulova, Acting President of Kyrgyz Stock Exchange, Mr. İbrahim Ömer Gönül, the Chairman of the Capital Markets Board of Türkiye, Mr. Shokhzod Islamov, Director of Green Economy Development Department of the Ministry of Economy and Finance of Uzbekistan, Mr. Csaba Kandrács, Deputy Governor of  National Bank of Hungary, and Mr. Babanyyaz Yalakov, Deputy Minister of Finance and Economy of Turkmenistan. Discussions covered strengthening collaboration among member organizations and observer parties on sustainability, as well as expanding joint development activities and creation of a common database of national green projects.

The Turkic Green Finance Council was established to foster cooperation in sustainable finance, based on the Memorandum of Understanding signed on 6 November 2024 during the 11th OTS Summit in Bishkek, Kyrgyz Republic, with the participation of the officials of Member States. As a new platform, the Council provides advisory and consulting services to member organizations to advance green and sustainable finance, encouraging investments that integrate environmental, social, and governance (ESG) factors.

The meeting concluded with the adoption of a Communiqué, reaffirming Member States’ commitment to the Turkic Green Vision and to deeper regional cooperation in the field of green finance including promoting the development of green financial instruments, developing green and sustainable finance strategies and green taxonomies, enhancing cooperation, exchanging experience, and facilitating knowledge sharing in green finance. The Communiqué also considers launching a Turkic Green Finance platform to serve as a digital hub for collaboration, data sharing and project development.