Published
09/25/2026, 16:31Ramil Babaev, Chief Executive of the Turkic Investment Fund, reported that the total financing requirement of micro, small and medium-sized enterprises across 119 developing countries is estimated at $5.7 trillion.
According to him, around 40 per cent of enterprises do not receive the full amount of financing they require. Furthermore, around a third of this unmet demand comes from businesses owned by women. Taking the informal sector into account, the total funding shortfall could reach $8 trillion.
“Behind these figures are businesses that have customers and viable business models, but are unable to grow due to a lack of access to finance and the inability to provide collateral,” — noted Babaev.
Another problem remains the trade finance gap. According to data from the Asian Development Bank cited by the fund’s head, the global trade finance gap stands at $2.5 trillion.
Babaev noted that businesses are simultaneously facing a shortage of funds for domestic production and for export financing.
The Turkic Investment Fund is a multilateral development bank comprising Kyrgyzstan, Azerbaijan, Hungary, Kazakhstan, Turkey and Uzbekistan. Its authorised capital stands at $600 million.
