At the meeting, it was decided that the organization's project activities will begin in the first quarter of 2026. This event will be an important step in implementing strategic initiatives and launching the fund's operations.
The fund's headquarters will be located in Istanbul, Turkey. The participants include Azerbaijan, Kazakhstan, Kyrgyzstan, Turkmenistan, Turkey, and Uzbekistan, while Hungary and Turkmenistan act as observers. The initial authorized capital of the fund will be $500 million, with the possibility of increasing it to $1.5 billion.
The main goals of the fund include:
- promoting sustainable development of Turkic countries;
- financing infrastructure, industrial, and innovative initiatives;
- supporting small and medium-sized enterprises;
- strengthening economic integration in the region.
To achieve these goals, the following mechanisms will be used:
- issuing preferential loans;
- co-financing projects with international financial institutions;
- attracting private investments in key sectors of the economy.
