Six Turkic Countries Set Up $500 Million Investment Fund

The Turkic Council, consisting of six Turkic countries, is looking to establish a $500 million Turkish Investment Fund as its initial step toward boosting economic cooperation between the member states.

Swap agreement negotiations between the central bank of the member states, namely Turkey, Azerbaijan, Kyrgyzstan, Kazakhstan and Uzbekistan, along with Turkmenistan, which is not a member state but attends all the council's meetings, and Hungary, a country that has observer status, have been initiated.

Source: https://www.dailysabah.com/business/economy/turkic-council-countries-eye-500m-investment-fund