Moody's Uzbekistan and CIS Summit
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*This event will be delivered in Russian, Uzbek and English with Russian, Uzbek and English simultaneous interpretation
Moody’s welcomes you to our annual Tashkent summit — a focused, half-day event exploring the key forces shaping Uzbekistan and Central Asia in today’s global context. The summit offers timely insights and forward-looking perspectives from market leaders and Moody’s experts on the region’s economic and credit landscape.
KEY TOPICS:
- Credit outlooks across Uzbekistan and CIS region
- Banks and insurers: risks, reforms and growth
- Shift to Euro bond funding
- Unlocking mortgage funding: covered bonds versus RMBS
Free to attend, but space is limited — we encourage early registration to secure your seat.
Speakers
Jasur Karshibaev
Advisor to the Minister of Economy and Finance of Uzbekistan
Ministry of Economy and Finance of the Republic of Uzbekistan
Abror Mirzo Olimov
Deputy Chiarman
Central Bank of Uzbekistan
Ulugbek Khasanov
Head of the Department for Licensing the Activities of Market Participants in the Insurance Industry
National Agency of Perspective Projects (NAPP)
Ulugbek Tavakkalov
Deputy Chairman of the Management Board
Kapitalbank JSCB
Anvar Gafforov
CEO
National Reinsurance Company of Uzbekistan
Dilshodbek Rakhimov
Head of International Reinsurance
National Reinsurance Company of Uzbekistan
Young Kim
AVP-Analyst, Sovereign and Sub-Sovereign Risk
Moody's Ratings
Ekaterina Lipatova
Vice President – Senior Analyst, Corporate Finance
Moody's Ratings
Petr Paklin
Assistant Vice President – Analyst, Financial Institutions
Moody's Ratings
Lev Dorf
Assistant Vice President – Analyst, Financial Institutions
Moody's Ratings
Stanislav Nastassine
Vice President - Senior Credit Officer, Structured Finance
Moody's Ratings
Alma Karabassova
Vice President - Relationship Management
Moody's Ratings
Burak Cerrahoğlu
Vice President Relationship Management
Moody's Ratings
Venue
Hyatt Regency Tashkent
Tashkent
Uzbekistan
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Jasur Karshibaev is Advisor to the Minister of Economy and Finance of Uzbekistan. Prior to that he was the Deputy Minister of Economy and Finance of Uzbekistan during 2023-2024.
Moreover, he worked as a financial sector expert at MCM (DM) department of IMF in 2022-2023 and Head of Debt Management Office of Ministry of Finance of Uzbekistan in 2019-2022.
Before joining the Ministry of Economy and Finance, Jasur worked at the Central Bank of Uzbekistan and academia during 2016-2018.
Jasur Karshibaev was awarded a P.h.D. degree in Economics from the Kyushu University (Japan) in 2015.
| Mr Olimov is responsible for leading the activities of the Department of International Cooperation, the Department of Currency Regulation and Balance of Payments, the Department of International Reserve Management, the Service for Storing and Handling Precious Metals, the Department of Monetary Policy, the Department of Statistics and Research, the Operations Department, the Department of Cash Circulation Organization, and the Department of Monetary Operations. He is granted the authority to manage the reserve funds and loans of the Central Bank. His responsibilities include: The use of monetary instruments and conducting monetary operations of the Central Bank; Coordinating the activities of the "Central Securities Depository" Joint Stock Company; Coordinating the activities of the "Republican Currency Exchange" Joint Stock Company. |
Ulugbek Tavakkalov was born in 1978. In 2013, he graduated with a bachelor's degree from the Tashkent Financial Institute, and in 2016 he obtained a master's degree in Banking from the Tashkent State University of Economics. He started his career in the banking sector in 2003. He joined Kapitalbank JSCB at the end of 2024, and in February 2025, he took the position of Deputy Chairman of the Management Board.
Young Kim is an AVP-analyst in Moody’s Sovereign and Sub-Sovereign Risk Group, based in Singapore. He is a lead analyst, covering sovereign portfolios and multilateral development banks in the Asia Pacific and CIS region, including the Philippines, Singapore, Uzbekistan, Bangladesh, and other credits as well as institutions such as AIIB.
Previously, Young worked in Moody’s Financial Institutions Group, covering portfolios of nonbank financial institutions such as insurance, securities, and government-related entities in Korea and Hong Kong SAR. He also contributed to Moody’s ESG and sustainable finance team.
Before joining Moody’s, Young was a research officer at the International Monetary Fund in Washington D.C., focusing on country risk and public finance in the Fiscal Affairs Department.
Young holds a master’s degree in international relations and international economics from Johns Hopkins University, School of Advanced International Studies.
Ekaterina Lipatova is a Vice President – Senior Analyst at Moody’s, based in Dubai. She is responsible for ratings of corporate issuers in various sectors in CIS including oil&gas, infrastructure, consumer products, and others.
Ekaterina joined Moody’s in 2008 after working for VTB for 5 years, in Moscow, specialising in corporate lending and later in trade finance transactions. Ekaterina holds two Master degrees in Finance from the State Academy of Finance in Moscow and SDA Bocconi School of Management in Milan.
Lev is an Assistant Vice President – Analyst at Moody’s Dubai office (UAE), covering financial institutions including Insurance companies and banks in Kazakhstan, Uzbekistan, Saudi Arabia, Armenia and Azerbaijan.
Prior to joining Dubai office in 2022, he worked for Moody’s Financial Institutions Group in Moscow, Russia and for Moody’s Credit Policy research group in New York. Lev holds an MBA in finance from Zicklyn School of Business (New York), and BBA degree in finance from Baruch College CUNY (New York).
Stanislav rejoined Moody’s in November 2012 and has since been working in EMEA structured finance group. Since 2019 he is in covered bond team responsible for covered bond programmes in Germany, Austria and CEE markets.
Prior to joining covered bond team, he was responsible for analyzing and rating RMBS and ABS transactions with focus on CIS and Dutch RMBS markets. Stanislav had already been on Moody’s Frankfurt RMBS team from February 2007 to September 2010.
Earlier in his career, from 2004 to 2007, Stanislav worked as Audit Senior at KPMG in Frankfurt. From October 2010 to October 2012, he worked as Business Advisor at BearingPoint GmbH, in the department Banking Operations and Applications.
Stanislav holds BSc degree in business administration from the Siberian State Aerospace University (Russia), Master degree in international economic relations and PhD in political economy from the University of Konstanz (Germany). He is trilingual, fluently speaking English, German and Russian.
Alma brings over 15 years of experience in corporate and investment banking as well as capital markets, having held senior roles at both international and regional financial institutions. Her deep understanding of the Central Asian financial landscape and her track record in building client relationships and navigating complex regulatory environments make her a fantastic fit for this role.
Burak Cerrahoglu is Vice President and responsible for new rating relationships in CIS region and Turkiye.
Prior to joining Moody’s in 2007, Burak was Operations/Risk Manager with European Housing Finance EHF, which is a mortgage finance company based in Istanbul and specializing in the secondary mortgage market in Turkey. Burak was previously with the Mortgage Acceptance Corp. in the U.S., while structuring MBS and mortgage whole loan sales.
Burak holds M.S. in Finance from Boston College and B.S. in Finance from the University of Massachusetts at Amherst.