"Approve the attached draft agreement on the establishment of the Turkic Investment Fund," reads Tokayev's decree.
The purpose of the fund is to promote the economic development of the member states of the Organization of Turkic States by expanding intra-regional trade and supporting economic activity.
The signatories of the document together with Kazakhstan are Azerbaijan, Kyrgyzstan, Turkey and Uzbekistan.
The fund capital is 10,000 initial shares, 2,000 shares for each member, the total par value per paid share for each country is $70 million, and the total par value per attracted share for each country is $30 million.
Photo source: picture from an open source