Turkic Investment Fund and UNCTAD Discuss Cooperation in Washington D.C.

On 15 October 2025 H.E. Baghdad Amreyev, President of the Turkic Investment Fund (TIF), met with H.E. Rebeca Grynspan, Secretary-General of the UN Trade and Development (UNCTAD).

During the meeting that took place on the margins of the Annual Meetings of World Bank and International Monetary Fund, at the building of the Embassy of Kazakhstan in Washington D.C. parties discussed a wide range of topics of international cooperation in the fields of trade and development and exchanged views on potential areas of cooperation between the two institutions.

From TIF, General Director Mr. Ramil Babayev, Chief Financial Officer Ms. Betül Sarıkaya, and Director for International Relations and Capital Mobilization Mr. M. Esat Mert also attended the meeting. From UNCTAD, the participants included the Acting Head of the Debt and Development Finance Branch, Globalisation and Development Strategies, Ms. Penelope Hawkins, Economic Affairs Officer at the UNCTAD New York Office, Ms. Dobrina Stoyanova Poirier, and Economic Affairs Officer, Mr. Andres Miguel Rondon.

Speaking at the meeting, Mr. Amreyev presented TIF, outlining its mission and priorities. He explained that the Fund aims to enhance regional trade, foster private-sector growth across the Turkic countries, and generate opportunities for cross-border investment.

The President of TIF stated that the Fund plans to work closely with international partners and expressed interest in cooperation with UNCTAD. He referred to UNCTAD’s programs, such as Empretec, ASYCUDA, and eTrade for All, which could help entrepreneurs and improve trade logistics in the TIF member states. He also underlined climate-related finance and digital transformation as shared priorities.

Ms. Grynspan welcomed TIF’s initiative and said that UNCTAD stands ready to cooperate in areas such as investment facilitation, policy formulation and digitalization. She underlined that supporting investment and export promotion agencies of developing countries are key elements of UNCTAD’s mandate.

Both sides agreed to explore concrete forms of cooperation and to continue discussions on specific initiatives. They also reviewed TIF’s potential participation in upcoming UNCTAD events.