TIF Holds Series of High-Level Engagements during IMF – WBG Annual Meetings

The Turkic Investment Fund (TIF) delegation actively participated in the International Monetary Fund (IMF) – World Bank Group (WBG) Annual Meetings held in Washington, D.C. on 13-18 October, 2025.

The meetings provided an important platform for TIF to strengthen cooperation with international financial institutions and pursue strategic partnerships. Over the course of the meetings, our delegation conducted in depth discussions with key stakeholders, reinforcing TIF’s commitment to regional development and global engagement.

Meetings included:

IMF Executive Board: Executive Directors Mr. Yigit Korkmaz Yaşar and Mr. Patryk Loszewski;

World Bank Group (WB Group): Regional Director Mr. Asad Alam, Practice Managers Ms. Martha Licetti and Mr. Shomik Mehndiratta, Director Ms. Katarzyna M. ZajdelKurowska (Asset Management and Advisory), Manager Mr. Marco Ruiz (Advisory and Partnership), Manager Mr. Eric Bouyé (Product Knowledge and Research), Alternate Executive Director Mr. Ali Ibrahim Gur, and Advisor Mr. Salih Ercan.

International Finance Corporation (IFC): Ms. Hoi YingSo, Co-Head and Global Portfolio Manager of Venture Capital; Mr. Zafar Khasimov, Country Manager for Kazakhstan and Kyrgyz Republic; Mr. Neil McKain, Country Manager for Uzbekistan and Turkmenistan, Ms. Amanda Cotterman, Head of the SME Ventures Program; and Mr. Kaixian Zhang, Associate Investment Officer (Disruptive Technologies, Services and Funds).

Asian Development Bank (ADB): Vice President (South, Central and West Asia) Mr. Yingming Yang; Director General (Central and West Asia Department) Ms. Leah Gutierrez, and Regional Lead Economist (Central and West Asia) Mr. Kiyoshi Taniguchi.

Asian Infrastructure Investment Bank (AIIB): Acting Chief Partnerships Officer Mr. Hun Kim, and Senior Partnership Officer Ms. Katja Juvonen.

Islamic Development Bank (IsDB): Treasurer Mr. Mohamed Sharaf.

Black Sea Trade and Development Bank (BSTDB): Director Mr. Panayotis Gavras.

Eurasian Development Bank (EDB): Chairman Mr. Nikolai Podguzov, Deputy Chairman Mr. Ruslan Dalenov, Vice Chairman Mr. Evgeny Vinokurov, Senior Managing Director Mr. Azamat Tyuleubay, and Executive Director Mr. Nurym Ayazbayev.

International Development Finance Club (IDFC): presented by French Development Agency (AFD) Public Development Banks Partnerships Officer Ms. Florence Marzuk.

Saudi Fund for Development (SFD): CEO Mr. Sultan Abdulrahman AlMarshad and Deputy CEO Mr. Faisal Al- Kahtani.

Japan International Cooperation Agency (JICA): Senior Vice Presidents Mr. Shohei Hara and Ms. Yuko Mitsui, and Assistant Director Mr. Yukinobu Arai.

Austrian Development Bank (OeEB): CEO Ms. Sabine Gaber.

TIF also conducted high-level meetings with the United Nations Conference on Trade and Development (UNCTAD) represented by Secretary-General Ms. Rebeca Grynspan; Acting Head of the Debt and Development Finance Branch Ms. Penelope Hawkins; and Economic Affairs Officers Ms. Dobrina Stoyanova Poirier, and Mr. Andres Miguel Rondon.

These interactions have laid the foundation for expanded cooperation in key areas critical to TIF’s strategic priorities.

Expanded Collaboration Platforms

Through introductions and dialogue facilitated by partner institutions, TIF has been welcomed into a broader network of international stakeholders. Invitations have been extended to participate in prominent global and regional forums, including the UN-led development finance discussions and coordination platforms among development institutions. These platforms will allow TIF to share perspectives, gain visibility, and explore co-financing opportunities for priority projects across its member states.

Sharing of Project Pipelines

Several multilateral development banks have expressed readiness to share their existing project pipelines with TIF. This step will provide TIF with early access to a broad set of co-financing opportunities, ranging from infrastructure and private sector development to MSME support and climate-resilient projects. By aligning with partners’ operational pipelines, TIF will strengthen its ability to channel capital into high-impact, cross-border initiatives within the Turkic region.

Treasury Cooperation with Global Peers

TIF also advanced its treasury dialogue with leading international financial institutions. Notably, discussions with the World Bank Treasury and the IsDB Treasury identified areas for collaboration in liquidity management, investment policies, and knowledge exchange through established advisory partnerships and forums. These engagements are expected to enhance TIF’s treasury operations and strengthen its financial resilience in line with international best practices.

Through its participation in the IMF–WBG Annual Meetings, TIF reaffirmed its commitment to strengthening multilateral partnerships, supporting cross-border investment, and promoting sustainable infrastructure development across the Turkic world.