TURKIC INVESTMENT FUND ANNOUNCES THE START OF FINANCING ACTIVITIES Bishkek, 5 December 2025 – The Board of Governors of the Turkic Investment Fund on Friday announced the launch of the Fund’s operational activities, setting the start of financing activities until the end of the first quarter of 2026. The decision marks the Fund’s transition from its establishment phase into operationalization of the Fund’s financing activities. The meeting was held in Bishkek at the invitation of H.E. Sadyr Zhaparov, President of the Kyrgyz Republic, and hosted by Mr. Bakyt Sydykov, Minister of Economy and Commerce of the Kyrgyz Republic. Read more: turkicfund.org/press-release…

TIF Participated in the Ashmore Bayes Emerging Markets Seminar in London On 5–9 October 2026, Mr. Dauren Auzhani, Portfolio Performance, Forecasting and Financial Control Manager at the Turkic Investment Fund (TIF), participated in the Emerging Markets Seminar for Public Institutions in London, jointly organized by Ashmore Group plc @AshmoreEM and Bayes Business School @BayesBSchool. The five-day seminar brought together 22 participants from central banks, sovereign wealth funds, pension funds and other public institutions across 13 countries. The seminar combined academic sessions with practitioner perspectives from Ashmore investment and risk professionals, alongside a session on sovereign ratings delivered by @SPGlobalRatings. The seminar also offered opportunities to strengthen professional ties with peer institutions and exchange experience relevant to the Fund’s investment and treasury activities. TIF thanks Ashmore Group and Bayes Business School for the invitation and an insightful seminar.

TIF Advances Bilateral Engagements in Uzbekistan During its visit to Tashkent from 20 to 23 October 2026, the Turkic Investment Fund delegation held a series of bilateral meetings with public agencies, international financial institutions, investment companies and private-sector stakeholders. The TIF delegation comprised Mr. Ramil A. Babayev @ramilbabayevTIF, General Director; Mr. Sanjar Usmanov, Chief Investment Officer; Mr. M. Esat Mert, Acting Chief Financial Officer, and Mr. Mirlan Shatmanov, Risk Manager. The delegation engaged with the International Finance Corporation @IFC_org, European Investment Bank @EIB, Azerbaijan-Uzbek Investment Company (AUIC), Vision Invest @VisionInvestKSA, Highland Capital @HighlandCapital, Agency for the Development of Light Industry under the Cabinet of Ministers of the Republic of Uzbekistan, Entrepreneurship Development Company (EDC). The discussions focused on identifying bankable investment opportunities and strengthening cooperation in private sector development within a broad set of sectors, including physical and digital infrastructure, transport and logistics, energy, textiles and agriculture, and public services. TIF will continue working with its partners to translate these discussions into practical cooperation and high-impact investment opportunities.

On October 26, 2026, Mr. Ramil Babayev @ramilbabayevTIF, General Director of the Turkic Investment Fund (TIF), will participate as a panelist in the AIIB @AIIB_Official Regional Roundtable for Central Asia and Caucasus Development Finance. He will join Session 4, “Shaping Central Asia and the Caucasus Development Finance Response to Address Connectivity Challenges and Financing Gaps,” which will bring together government representatives and development finance leaders to discuss stronger institutional cooperation, coordinated investment approaches and opportunities to mobilize financing for regional connectivity. The session will also feature Ms. Ekaterine Guntsadze @eka3185, Deputy Minister of Finance of Georgia @mofgeorgia; Ms. Idil Gursel, Deputy Head, Infrastructure Türkiye, @EBRD; Mr. Jean-Christophe Carret @jc_carret, Country Director, @WorldBankGroup; Mr. Ziya Aliyev, Vice President Banking, Black Sea Trade and Development Bank @BSTDB; and Mr. Mehmet Hanifi Güler, Head of Department for International Policy, Ministry of Transport and Infrastructure of Türkiye @UABakanligi.

The Turkic Investment Fund extends its warmest congratulations to the Government and people of the Republic of Kazakhstan on the occasion of Republic Day. Commemorating the adoption of the Declaration on State Sovereignty on 25 October 1990, this day honors a landmark step towards Kazakhstan’s independence and offers an opportunity to celebrate the country’s achievements and the contributions of its people to national development. May the years ahead bring continued progress and a bright future for Kazakhstan and its people.

TURKIC INVESTMENT FUND HELD ITS THIRD BOARD OF GOVERNORS MEETING Tashkent, 22 October 2026 – The Board of Governors of the Turkic Investment Fund (TIF) gathered for its third annual meeting held in Tashkent under the Chairmanship of H.E. Laziz Kudratov, Minister of Investment and Industry and Trade of the Republic of Uzbekistan @MIIT_Uz, a member of the Board of Governors of TIF. The meeting was presided over by Mr. Khurram Teshabaev, Deputy Minister of Investment, Industry and Trade of the Republic of Uzbekistan, who was designated by the Board of Governors to chair the session. The meeting reviewed the Fund’s progress since the second session of the Board of Governors and considered priorities for the next stage of its institutional and operational activities. H.E. Baghdad Amreyev @anreyev, President of the Turkic Investment Fund, delivered his Statement to the Board and shared with the Governors the Fund’s principal activities, achievements, and strategic developments. The Board heard the presentation of the Executive Management made by Mr. Ramil Babayev @ramilbabayevTIF, General Director, that covered partnerships concluded, progress in financing activities, the development of the project, and the Fund’s financing priorities for the year ahead. The Board of Governors approved the Fund’s Annual Report for 2025, including its audited financial statements. The Board adopted the Rules of rotation of the high Management of the Fund, appointed the external auditor, and approved the Fund’s further institutional development. The Board elected the Governor of Azerbaijan as Chairman and the Governor of Hungary as Vice-Chairman, both to serve until the next annual meeting. The Board also decided to hold its fourth annual meeting in Azerbaijan in 2027. The meeting brought together representatives of the Fund’s six member states: Mr. Khurram Teshabaev, Alternate Governor for Uzbekistan and Deputy Minister of Investment, Industry and Trade; Mr. Elnur Aliyev @ElnurAAliyev, Alternate Governor for Azerbaijan and First Deputy Minister of Economy @MinEconomyAZ; Dr. Gábor Matula, Alternate Governor for Hungary and Deputy State Secretary at the Ministry of Economy and Energy; Mr. Dauren Kengbeil, Alternate Governor for Kazakhstan and Vice Minister of Finance; Mr. Bakyt Sydykov, Governor for the Kyrgyz Republic and Minister of Economy and Commerce; and Mr. Kerem Dönmez, Temporary Alternate Governor for Türkiye and Director General for Foreign Economic Relations @HMBakanligi. The Third Meeting of the Board of Governors also marked a farewell for H.E. Baghdad Amreyev, the first President of the Turkic Investment Fund, on the occasion of the conclusion of his four-year mandate and his recent election as Deputy Secretary General of the Organization of Islamic Cooperation. B. Amreyev expressed his sincere gratitude to the Presidents of TIF Member States, who instructed and entrusted him with the establishment of TIF, appointing him on 11 November 2022 as the First President of the Fund to accomplish this extremely high mission. He said he remains fully confident that the Fund will continue to grow, successfully serving the shared interests and driving the economic integration of the Turkic States. He thanked the Governments of the Member States, the Governors, the Board of Directors, the Executive Management and Fund’s staff for their support and joint efforts.

The Turkic Investment Fund extends its warmest congratulations to the people and Government of Hungary on the occasion of Revolution Memorial Day, marking the 70th anniversary of the 1956 Revolution. On this significant day, we honor the courage and sacrifice of those who stood for freedom and the Hungarian people’s enduring commitment to independence, sovereignty and national dignity. We convey our sincere wishes for lasting peace, continued progress and prosperity for Hungary, and for the well-being of its people.

THE STATEMENT BY BAGHDAD AMREYEV ON HIS ELECTION AS THE DEPUTY SECRETARY-GENERAL OF THE ORGANISATION OF ISLAMIC COOPERATION On October 18, 2026, at the 52nd session of the Council of Foreign Ministers of the Organization of Islamic Cooperation (OIC) @OIC_OCI in Baghdad, Iraq, I was unanimously elected as the Assistant (Deputy) Secretary-General of the Organization of Islamic Cooperation for Administrative and Financial Affairs. I consider it a great tribute to the Turkic World and a profound personal honor for me to have earned the trust of the 57 Islamic member states, and to serve within the leadership of the OIC—the second-largest international organization in the world, after the United Nations. I will continue to carry out my responsibilities as the President of the Fund until the end of my mandate on 11 November 2026 and will assume my new office at the headquarters of OIC in Jeddah (Saudi Arabia) in mid-November of this year. I am sincerely grateful to the Presidents of our Member States, who instructed and entrusted me with the mission of the establishment of the Turkic investment Fund by the decision they made during the Council of Heads of State of the Organization of Turkic States in Samarkand on 11 November 2022 appointing me as the First President of the Turkic Investment Fund (TIF, the Fund) to accomplish this extremely high mission. Establishing and serving as the Inaugural President of the Turkic Investment Fund has been a great honor and one the most valuable missions in my diplomatic service. Now I am proudly stating that the mission accomplished. Throughout this period, we have successfully completed the Fund’s institutional foundations, created a firm governance sistem ,developed strategic goals and policies, established important international partnerships, and initiated and launched our financing operations. I highly appreciate the Governments of the TIF member states and the members of the Board of Governors and Board of the Directors of the Fund, TIF Executive Management as well as the Office of the President of TIF for the tireless work, constructive cooperation and coordination and the support extended to my activities over these four years. I am proud of what we have achieved together. I remain fully confident that the Fund will continue to grow, successfully serving the shared interests and driving the economic integration of our Member States. I believe the Turkic Investment Fund will remain under my great attention, and I stand ready to support it by all means all the time. Baghdad AMREYEV President of the Turkic Investment Fund Chairman of the Board of Directors of the Turkic Investment Fund

TIF and AUIC Explore Prospects for Cooperation On October 21, 2026, Mr. Ramil Babayev @ramilbabayevTIF, General Director of the Turkic Investment Fund (TIF), Mr. Sanjar Usmanov, Chief Investment Officer, and Mr. Mehmet Esat Mert, Acting Chief Financial Officer, met with representatives of the Azerbaijan Uzbek Investment Company (AUIC) Mr. Nazim Hajiyev, Chief Executive Officer; Mr. Azer Mirtagavi, Chief Financial Officer; and Mr. Sardor Khabibullaev, Deputy CEO. Mr. Ramil Babayev highlighted the Fund’s commitment to foster the integration between its Member States and fostering business opportunities across the region. He noted the value of partnering with institutions such as AUIC to support projects that strengthen economic ties, encourage private sector growth, and deliver tangible benefits. The AUIC representatives outlined their investment mandate, recent activities and pipeline, emphasizing their role in advancing investment cooperation between Azerbaijan and Uzbekistan. They expressed interest in exploring synergies with TIF to facilitate business partnerships and support projects across sectors of mutual interest. The discussions explored potential opportunities for joint financing, exchanging investment expertise, and identifying projects aligned with both institutions’ priorities. Parties agreed to continue dialogue for practical cooperation that contributes to economic diversification and stronger investment ties across the region.

TIF and IFC Discuss Opportunities for Cooperation in Uzbekistan and Beyond On October 21, 2026, Mr. Ramil Babayev @ramilbabayevTIF, General Director of the Turkic Investment Fund (TIF), Mr. Sanjar Usmanov, Chief Investment Officer, and Mr. Mehmet Esat Mert, Acting Chief Financial Officer, met with Mr. Neil McKain, IFC Country Manager for Uzbekistan and Turkmenistan @IFC_ECA, to discuss shared priorities and prospects for cooperation. The TIF representatives outlined the recent progress the Fund has made, highlighting its commitment to supporting private sector development, expanding access to finance, and strengthening regional connectivity across its Member States. They expressed interest in exploring cooperation with IFC to advance projects that contribute to sustainable economic growth. Mr. McKain shared perspectives on IFC’s engagement in Uzbekistan and Turkmenistan, highlighting the importance of mobilizing investment by risk sharing tools, supporting entrepreneurship, and fostering a conducive environment for sustainable business development. The meeting provided an opportunity to explore potential collaboration, including joint financing of investment projects and coordination in areas of mutual interest. Both institutions look forward to continuing their dialogue to identify opportunities for cooperation with lasting development impact.

TIF Management Concluded its Visit to the 2026 Annual Meetings of the IMF and the World Bank Group The Turkic Investment Fund (TIF) Executive Management participated in the 2026 Annual Meetings of the International Monetary Fund (IMF) @IMFNews and the World Bank Group (WBG) @WorldBankGroup between 11-16 October 2026 in Bangkok, Thailand, engaging with leading international financial institutions, development partners, credit rating agencies, and other key stakeholders. The visit provided an opportunity to formalize partnerships with other development institutions, follow high-level discussions, as well as to engage directly with several counterparties on potential areas of cooperation, including TIF’s funding strategy and rating considerations. Discussions particularly focused on preparations for the Fund's inaugural credit rating, as well as potential co-financing arrangements and opportunities to expand cooperation with multilateral development banks, development finance institutions and other financial partners. Through these engagements, TIF reaffirmed its commitment to strengthening strategic partnerships, expanding its international network and mobilizing financial resources to support impactful investments and sustainable development across the Turkic region. @Lazard @Oppenheimer @KfW_int

TIF Participated in the Türkiye Banks Association’s 36th Traditional Reception in Bangkok Mr. Ramil Babayev @ramilbabayevTIF, General Director of the Turkic Investment Fund (TIF), and Mr. Mehmet Esat Mert, Acting Chief Financial Officer, participated in the 36th Traditional Reception of the Banks Association of Türkiye (TBB) @BankalarBirligi, held in Bangkok on the sidelines of the 2026 IMF @IMFNews and @WorldBankGroup Annual Meetings. The reception brought together senior public officials, representatives of international financial institutions and banking sector executives from Türkiye and other countries, providing a valuable platform for networking and dialogue on potential areas of cooperation. During the reception, TIF representatives held interactions with Deputy Minister of Ministry of Treasury and Finance @HMBakanligi Mr. Osman Çelik; Governor of the Central Bank of the Republic of Türkiye @CentralBank_TR Mr. Fatih Karahan @yfatihkarahan; President of Black Sea Trade and Development Bank @BSTDB Mr. Serhat Köksal; Director General for Foreign Economic Relations at the Republic of Türkiye's Ministry of Treasury and Finance Mr. Kerem Dönmez; CEO at Development and Investment Bank of Türkiye @kalkinmayatirim, Secretary General of the Banks Association of Türkiye Mr. Nurullah Bakır @nrllhbkr; Deputy Director of Japan Bank for International Cooperation Mr. Asano Ken, and several other representatives from private sector entities. TIF’s participation provided an opportunity to further strengthen relationships with financial sector partners and exchange views on prospective cooperation, investment and financing opportunities in Türkiye and across TIF’s Member Countries.

TIF Delegation Attended 2026 IMF and World Bank Group Annual Meetings in Bangkok H.E. Baghdad Amreyev @anreyev, President of the Turkic Investment Fund (TIF) and Chairman of its Board of Directors, attended the 2026 Annual Meetings of the International Monetary Fund (IMF) @monetary_imf and the World Bank Group @WorldBankGroup, held from 12 to 18 October in Bangkok, Thailand. H.E. Baghdad Amreyev was accompanied by Mr. Ramil Babayev @ramilbabayevTIF, General Director of TIF, Mr. Esat Mert, Acting Chief Financial Officer, Dr. Erhan Türbedar @eturbedar, Senior Advisor for Economic Affairs, and other members of the TIF delegation. During the Annual Meetings, H.E. Baghdad Amreyev attended high-level sessions and panel discussions and held a series of bilateral meetings. He met with H.E. Odile Renaud-Basso @OdileRenaud, President of the European Bank for Reconstruction and Development @EBRD, and H.E. Dr. Abdulhamid Alkhalifa, President of the OPEC Fund for International Development @TheOPECFund. President of TIF H.E. Baghdad Amreyev also signed Memoranda of Understanding with Mr. Rashaid A. Al-Bader, Acting Director General of the Kuwait Fund for Arab Economic Development (KFAED) @KuwaitFund, and Dr. Serhat Köksal, President of the Black Sea Trade and Development Bank @BSTDB, and held meetings with Mr. Nikolai Podguzov, Chairman of the Management Board of the Eurasian Development Bank (EDB) @edb__official, as well as with other heads and representatives of international financial institutions. H.E. Baghdad Amreyev also met with Mr. Dauren Kenbeil, Vice Minister of Finance of Kazakhstan @minfin_gov_kz and Alternate Governor of TIF, H.E. Margulan Baimukhan, Ambassador of Kazakhstan to Thailand @KazAmbBangkok, and senior representatives of the Ministry of Finance of the United Arab Emirates @MOFUAE. The meetings focused on potential joint investments and financing arrangements for projects in TIF Member States. H.E. Baghdad Amreyev also attended the Central Asia networking event organized by the Eurasian Development Bank. TIF General Director Mr. Ramil Babayev also held meetings with representatives of Moody’s Ratings @moodysratings, Fitch Ratings @FitchRatings, and the Netherlands Development Finance Company (FMO) @FMO_development. He participated in a breakfast event organized in coordination with @PwC and Fitch Ratings. The discussions focused on TIF’s financial and operational development, the use of capital, and preparations for obtaining its credit rating.

The Turkic Investment Fund extends its warmest congratulations to the Government and people of the Republic of Azerbaijan on the occasion of the Day of Restoration of Independence. This historic day marks a defining milestone in Azerbaijan’s statehood, honoring the Azerbaijani people’s steadfast dedication to independence and sovereignty and their aspirations for a united and prosperous future. As Azerbaijan celebrates the 35th anniversary of the restoration of its independence, we convey our sincere wishes for lasting peace, continued progress and prosperity for the country, and the well-being of its people.

TIF and OPEC Fund Presidents Discuss Further Cooperation H.E. Baghdad Amreyev @anreyev, President of the Turkic Investment Fund (TIF), accompanied by Mr. Ramil Babayev @ramilbabayevTIF, General Director of TIF, held a meeting with H.E. Dr. Abdulhamid Alkhalifa, President of the OPEC Fund for International Development @TheOPECFund, on 14 October 2026, in Bangkok, Thailand, on the margins of the Annual Meetings of the International Monetary Fund (IMF) @IMFNews and the @WorldBankGroup. The meeting followed earlier exchanges between the two Presidents in Vienna and Baku, where they considered potential joint financing and closer ties between their institutions. The discussions also covered possible joint investments in infrastructure, energy, agriculture, and other sectors, as well as financing for MSMEs in TIF Member States. H.E. Baghdad Amreyev welcomed the progress in cooperation with the OPEC Fund, particularly the joint financing initiative involving Hamkorbank in Uzbekistan. He expressed hope that this would be the beginning of further joint operations and proposed that the investment teams of both institutions work together to identify suitable projects for 2027. Dr. Alkhalifa welcomed the @Hamkorbank_uz initiative and expressed interest in exploring further joint financing opportunities in TIF Member States. He also acknowledged the potential for closer technical cooperation between the two institutions. Mr. Ramil Babayev, General Director of TIF, shared his views on the possible project pipeline between TIF and OPEC Fund and ways to maintain regular working relations between the two institutions. The TIF delegation also included Mr. Mehmet Esat Mert, Acting Chief Financial Officer, and Dr. Erhan Türbedar, Senior Advisor to the President of TIF for Economic Affairs. The President of the OPEC Fund was accompanied by Mr. Sami Ben Daamech, Senior Advisor to the President; Mr. Said Taufik Ridha, Director of the Business Development Unit for the Private Sector; and Mr. Baret Gürden, Investment Manager for the Private Sector.

TIF Engaged with Development Finance Institutions and Rating Agencies On October 14, 2026, on the sidelines of the 2026 Annual Meetings of the International Monetary Fund @monetary_imf and the @WorldBankGroup, Mr. Ramil Babayev @ramilbabayevTIF, General Director of the Turkic Investment Fund (TIF), and Mr. M. Esat Mert, TIF Acting Chief Financial Officer, participated in a breakfast event organized in coordination with @PwC and @FitchRatings. The discussions explored key strategic priorities for development finance institutions, including how to strengthen their capacity to deliver development outcomes while maintaining sound financial foundations. PwC highlighted the balance between development impact, financial sustainability and operational efficiency. Fitch Ratings focused on balance sheet optimization, tools to enhance capital utilization, and their implications for usable capital and credit rating considerations. The event also featured a panel discussion moderated by Mr. Philipp Wackerbeck, providing a platform to exchange perspectives on the evolving priorities of development institutions and approaches to making more effective use of financial resources. On the sidelines of the event, the TIF team engaged with representatives of Fitch Ratings - Mr. Carlos Masip Ordonez, Head of Supranational Ratings; Mr. Javier Serrano, Global Head of Sovereigns & International Public Finance; and Ms. Elena Grindstaff, Senior Director - as well as FMO @FMO_development representatives Mr. Juan J. Dada, Co-Chief Investment Officer, and Mr. Guido van Heugten, Stakeholder Engagement Manager. TIF values opportunities to engage with international financial institutions, rating agencies, and development partners as it continues to strengthen its institutional foundations and advance its strategic objectives.