Kyrgyzstan has ratified the Agreement on the establishment of the Turkic Investment Fund
Kyrgyzstan has ratified the Agreement on the establishment of the Turkic Investment Fund.
The law «On ratification of the Agreement on the Establishment of the Turkic Investment Fund, signed on March 16, 2023 in Ankara» was signed by the President of the Republic Sadyr Zhaparov.
The law was adopted by the Parliament of Kyrgyzstan on December 6, 2023. It is aimed at promoting the economic development of the member States of the Organization of Turkic-Speaking States (OTG) by expanding intraregional trade and supporting economic activities.
The authorized capital of the Turkic Investment Fund will amount to $500 million. It should be divided into 10 thousand shares with a par value of $50,000 each.
The Fund is a resource base for financing priority projects in the CIS countries on preferential terms.
ORIENT news
