Translated with AI
A delegation from the economic bloc of the Republic of Tajikistan held an official meeting with the management and representatives of the Borsa Istanbul Stock Exchange in Istanbul as part of the implementation of state priorities for capital market development outlined by the President of the Republic of Tajikistan, Emomali Rahmon. This was reported by the press service of the Ministry of Finance of the Republic of Tajikistan.
The meeting took place on June 18, 2026, as part of the training and experience exchange program "Tajikistan-Turkey Cooperation: Islamic Finance and Capital Markets of the Future," which is being implemented under the coordination of the Turkish Cooperation and Coordination Agency (TİKA). The program's main objectives are to strengthen institutional capacity, explore best international practices, and expand practical cooperation between the financial institutions of the two countries.
The Tajik delegation was led by the Minister of Finance of the Republic of Tajikistan, Faiziddin Sattor Kahhorzoda. The main meeting was also attended by Nigina Abdurahmonzoda, Director of the Agency for Securities and Specialized Registration under the Ministry of Finance of the Republic of Tajikistan.
The Turkish side was represented by Dr. Mahmut Aydoğmuş, Director of the International Relations Department of Borsa İstanbul, Chief Specialist of the Department Burak Fakıoğlu, Chief Specialist Muhteşem Karbaş, Specialist Irmak Küçükaksu, Chief Specialist of Business and Product Development Serkan Yüksel, Director of Trading Systems Development Murat Toprak, Chief Specialist of Trading Systems Development Emine Demircioğlu, Director of Depository Services of the Central Depository of Turkey (Merkezi Kayıt Kuruluşu) Dr. Setenay Yağanoğlu and Director of the Legal Department Fatma Merve Sadık.
During the talks, the parties discussed in detail capital market development, strengthening regulatory coordination, modernizing market infrastructure, and digitalizing financial services. Particular attention was paid to developing depository activities, improving securities registration mechanisms, introducing innovative financial instruments, and creating an active and transparent secondary market.
The meeting participants also discussed Turkey's experience in operating modern stock exchanges, managing trading infrastructure, developing clearing and settlement mechanisms, improving depository services, and increasing market participant confidence through the digitalization of financial processes.
During the visit, Tajik representatives learned about the organization of government and corporate securities trading on Borsa Istanbul. They were also presented with solutions for using digital platforms in exchange operations, risk management mechanisms, integrating financial infrastructure, creating innovative investment products, and expanding capital access to the real economy.
According to the meeting participants, utilizing certain elements of the Turkish experience could be of strategic importance for Tajikistan in the process of establishing a modern capital market ecosystem. This includes developing long-term financing instruments, attracting domestic and foreign investment, expanding the securities market, and strengthening the stability of the national financial system.
The Tajik delegation included representatives of government agencies, financial regulators, and the country's leading banking institutions. Among them were Nurali Sobirzoda, Deputy Head of the Finance Department of the Executive Office of the President of the Republic of Tajikistan; Muso Saidahmadzoda, Chief Specialist of the Finance Department of the Executive Office of the President; Jamshed Sharipov, Head of the Shareholder Registration Department of the Securities and Specialized Registration Agency; Ikbolshoh Abdurakhmanov, Leading Specialist of the Department for Regulation and Supervision of Securities Issues; Saadi Kurbonov and Umeda Usmonova, specialists from the Ministry of Finance; Yodgora Shamsova, Head of the Insurance Supervision Department of the National Bank of Tajikistan; Shukhrat Sirodzhov, Deputy Director of the Credit Department of the State Savings Bank Amonatbank; Jakhongir Kamarov, Head of the Investment Department of Orienbank; Kadriddin Negmatov, Lead Economist of the International Bank of Tajikistan; and Bakhtiyor Nazarov, Head of the ITB Bank Alif.
Following the meeting, the parties confirmed their commitment to further expand cooperation, exchange professional experience, develop human capital, and strengthen integration between the financial institutions of the Republic of Tajikistan and the Republic of Turkey. Participants emphasized that such interaction is an important foundation for the sustainable development of the capital market and the further strengthening of economic ties between the two countries.
