Another important initiative within the framework of the Eleventh Summit of the Organization of Turkic States held in Bishkek, Kyrgyz Republic, with the participation of Taleh Kazimov, Governor of the Central Bank of the Republic of Azerbaijan, was the signing of the Memorandum on the establishment of the Turkic Green Finance Council of the member states of the Organization of Turkic States (OTS).

According to the Memorandum signed by the Central Bank of the Republic of Azerbaijan, the Astana Financial Center, the Kyrgyz Stock Exchange, and the Turkish Securities Organization, the Council’s primary objective is to provide its member organizations with advisory and consulting services on issues related to the development of a green and sustainable finance market in the OTS region, with a focus on increasing ESG investments.

The establishment of the Turkic Green Finance Council marks a critical step toward fostering environmental, social, and governance (ESG) principles across the Turkic world. This collaborative platform is anticipated to bring member states closer in their shared goals of sustainable economic development, offering tools, knowledge-sharing, and resources that are essential for achieving long-term resilience. With countries in the region increasingly prioritizing green finance, this Council aims to position the Turkic states as leaders in sustainable investment in the broader Eurasian region.