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Organization of Turkic States to establish Investment Fund

Kyrgyzstan Materials 6 July 2022 17:02 (UTC +04:00)
Organization of Turkic States to establish Investment Fund
Aygun Maherramova
Aygun Maherramova
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BAKU, Azerbaijan, July 6. The Organization of Turkic States' (OTS) leaders will establish an Investment Fund, Trend reports via Kyrgyzstan's Economy Ministry.

During the meeting of OTS member countries on July 5-6, 2022 in Istanbul, the parties agreed to complete the preparation of a draft agreement on the establishment of the OTS Investment Fund.

According to the Ministry, the purpose of the Investment Fund is to expand intra-regional trade and enhance economic cooperation between the member states.

The fund's $350 million authorized capital will be formed in equal shares by Azerbaijan, Türkiye, Kyrgyzstan, Kazakhstan, and Uzbekistan.

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