The Turkic Investment Fund has been granted the preferred creditor status

The annual meeting of the Board of Governors of the Turkic Investment Fund (TIF) was held in Bishkek. During the event, the results of the Fund's activities for 2024, including the annual report and audited financial statements, were reviewed.

 

The Board of Governors also approved the designation of TIF as a preferred creditor, which will strengthen its institutional role and increase the sustainability of project implementation. In addition, the Rules of Procedure of the Board of Governors were approved.

Vice Minister of Finance, Deputy Governor forKazakhstan Dauren Kengbeil took part in the event from the Republic of Kazakhstan.

The Turkic Investment Fund is an international financial organization established to stimulate economic development and trade between the Turkic states. The Fund's participants include Azerbaijan, Hungary, Kazakhstan, Kyrgyzstan, Turkey and Uzbekistan.

The participation of the Kazakh side confirms its commitment to strengthening economic cooperation.