New Title: “Turkish Investment Fund Agreement Published in Official Gazette”
The Turkish Investment Fund, an initiative aimed at enhancing investment opportunities within the Organization of Turkish States (TDT), has been officially approved and signed at the TDT Extraordinary Summit in Ankara on March 16, 2023. The establishment agreement for the fund was previously accepted by the Grand National Assembly of Turkey (TBMM) on November 1, and has now been officially published as a law in the Official Gazette.
According to the law, the Republic of Turkey has committed to a capital participation of up to 100 million US dollars to the Turkish Investment Fund, with the possibility for the President to increase this amount up to five times. This commitment outlines the country’s dedication to promoting and facilitating investment opportunities within the TDT and beyond.
The establishment of the Turkish Investment Fund marks a significant step towards fostering economic growth and development within the region. As a collective effort by the members of the TDT, the fund aims to create a more conducive environment for investment and business development, ultimately benefiting the economies of all participating countries.
The signing of the Turkish Investment Fund is a testament to the commitment of the TDT members to strengthen economic ties and drive sustainable development within the region. It is expected to open up new opportunities for investment and collaboration, further solidifying the partnership between the member states.
With the official approval and signing of the Turkish Investment Fund, the TDT and its member states are poised to embark on a new phase of economic cooperation and development, paving the way for increased investment and growth in the region.
