Uzbekistan has ratified the Agreement on the establishment of the Turkic Investment Fund

    Investments 3 November 2023 4210

    The Law signed by the President (Law No. 875 of 01.11.2023) ratified the Agreement on the Establishment of the Turkic Investment Fund (Ankara, March 16, 2023).

    According to the Law, the funds of the Reconstruction and Development Fund of the Republic of Uzbekistan are a source of financing for expenses related to the formation of Uzbekistan's share in the Turkic Investment Fund within the terms stipulated by the Agreement, including a subscription for 2,000 shares in its starting capital.

    The authorized body responsible for the implementation of the Agreement is the Ministry of Investment, Industry and Trade, the Central Bank performs the functions of the depositary under the Agreement, the Ministry of Justice reports.