Kubanychbek Omuraliev appointed new President of the Turkic Investment Fund

Kubanychbek Omuraliev, the Kyrgyz diplomat who until recently served as Secretary General of the Organization of Turkic States, has been appointed President of the Turkic Investment Fund (TIF). The fund's Board of Governors took the decision unanimously, according to the OTS official channel.

Omuraliev was chosen OTS Secretary General at the Samarkand summit in November 2022 and handed the post to Mirvokhid Azimov earlier this month. The fund's first president, Bagdad Amreyev, was appointed on 11 November 2022 and his four-year term is ending; under the statute the post rotates and cannot be renewed.

At its third meeting in Tashkent on 22 October the Board approved the rotation procedure, and Kyrgyzstan was named as the country to put forward the president for 2026-2030. The fund's capital stands at 600 million dollars, with Azerbaijan, Türkiye, Kazakhstan, Uzbekistan, Kyrgyzstan and Hungary contributing 100 million each.