ASTANA, Kazakhstan, October 19. Ministers from
the Group of Turkic States (OTS) have endorsed Kazakhstan’s
initiatives to determine the Council on Inexperienced Finance and the
Council of Central (Nationwide) Banks for member states, Development stories.
This determination was made in the course of the thirteenth assembly of the Ministers
of Financial system and Commerce of OTS member international locations.
Deputy Prime Minister and Minister of Nationwide Financial system Nurlan
Baibazarov highlighted Kazakhstan’s dedication to advancing Turkic
integration and emphasised the significance of collaborative
initiatives.
“The Turkic Funding Fund, established inside the Turkic
Council, displays our collective dedication to increasing financial
and funding cooperation, executing joint funding initiatives,
and attracting capital, know-how, and expertise for the dynamic
progress and prosperity of our international locations,” he acknowledged.
The subsequent assembly of the Ministers of Financial system and Commerce is ready to
happen in Turkestan, the place the inauguration of the particular
financial zone “TURAN,” one other Kazakhstan-led initiative supported
by all Turkic Council nations, will happen.
The Cooperation Council of Turkic-speaking States was based on
October 3, 2009, and remodeled into the Group of Turkic
States in 2021. By the tip of August 2024, mutual commerce between
Kazakhstan and the Turkic Council international locations reached roughly
$7.2 billion.