The Group of Turkic States (OTS) signed a founding settlement to arrange a fund that can purpose at boosting financial integration among the many member nations, Turkish President Recep Tayyip Erdoğan mentioned Thursday.
The deal got here on the sidelines of the extraordinary summit of the OTS leaders in Türkiye’s capital Ankara.
“The signing of the Founding Settlement of the Turkic Funding Fund has been one of many concrete achievements of our summit,” Erdoğan mentioned in a televised tackle.
“I imagine that the Turkic Funding Fund will contribute to financial integration within the Turkic world,” the president famous.
Istanbul would be the host metropolis of the fund, he added.
Previously referred to as the Turkic Council, the OTC is a global group comprising outstanding impartial Turkic nations that work collectively to raise relations and union amongst themselves.
Along with Türkiye, its members include Azerbaijan, Kazakhstan, Kyrgyzstan, and Uzbekistan. EU state Hungary, Turkmenistan, and the Turkish Republic of Northern Cyprus (TRNC) have observer standing.
The leaders on Thursday convened beneath the theme of “Catastrophe-Emergency Administration and Humanitarian Help.”
They sought to elaborate on the multilateral cooperation and coordination mechanism within the struggle in opposition to disasters and maintain consultations on present regional challenges, particularly in mild of the devastating earthquakes that struck southeastern Türkiye final month.
The Feb. 6 tremors, which marked the most important catastrophe in Türkiye’s fashionable historical past, leveled hundreds of buildings and killed at the least 48,448 individuals throughout 11 provinces.
Greater than 13.5 million individuals in Türkiye have been affected by the quakes, which additionally extensively broken neighboring Syria and claimed at the least 6,000 deaths in its northwest.
Erdoğan on Thursday hailed the engagement of the Turkic states and harassed Türkiye would at all times bear in mind the solidarity they confirmed after the disaster.
“We’ll always remember the solidarity, unity and togetherness we exhibited because the Turkic world throughout the catastrophe we skilled,” he mentioned within the tackle.
“We should improve our energy within the face of present and future challenges. For this goal, we should strengthen the capabilities and capabilities of OTC.