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.