On the sidelines of the 2024 Annual Meeting of the World Bank and IMF in Washington, D.C., Turkic Investment Fund (TIF) President Bagdat Amreyev and General Director Ramil Babayev met with Asad Alam, the World Bank’s Regional Director for Europe and Central Asia, and Etkin Özen, Senior Financial Sector Specialist.

During the meeting, they discussed potential collaboration on various sectors that align with both institutions’ missions. Amreyev emphasized TIF’s primary goal of facilitating economic integration among its member states, encouraging partnerships with international organizations, and establishing itself as a leading financial institution in the region. He also highlighted the importance of exchanging expertise and receiving methodological support from the World Bank as key components for TIF’s development.

Alam reaffirmed the World Bank’s commitment to sharing its vast experience with TIF and similar financial institutions, stressing that flexibility would be crucial during the early stages of cooperation. He added that co-financing projects could play a significant role in helping TIF build a solid foundation for its future activities.

Babayev, in turn, expressed enthusiasm for close collaboration with the World Bank, noting that joint projects would support mutual goals and contribute to economic growth across the region.