Uzbekistan: Achievements of economic reforms and outlook
September 29-30, 2021
Tashkent, Uzbekistan

The Forum is held with the support and high level participation of the World Bank and the Asian Development Bank and will bring together in an in-person setting around 300 participants -including high level representatives of the Uzbek Government, international business and financial communities, international and regional multilateral development institutions, policy makers, NGOs and international media.

While economies the world-over continue to grapple with COVID-19 pandemic and its socio-economic consequences, Uzbekistan has demonstrated economic resilience, responding to the crisis with a host of support measures. These emergency measures signal Uzbekistan’s unwavering commitment to continue its reform agenda, launched in 2017.

The Forum offers a unique occasion to discuss and deliberate plans to maintain the economic liberalization course and build a more open, internationally integrated and competitive market economy. Moreover, participants will have the opportunity to engage policymakers about initiatives to improve the investment climate and maintain macroeconomic stability with the aim of bettering living standards and fostering sustainable, inclusive economic growth.

COVID-19. The health and well-being of participants is our absolute priority. From the outset, the Forum has been planned with COVID-19 measures in place, including limiting the number of in-person participants, adopting a socially-distanced layout, mandating mask wearing and offering testing throughout.

Agenda

09:00
10:00

Registration

10:00 10:05

Official Opening Video of the Forum

Hall 1

10:05
10:10

Address of the President of Uzbekistan

Hall 1

10:10
10:20

Welcome Speech

Hall 1

Jamshid Kuchkarov

Deputy Prime Minister, Minister of Economic Development and Poverty Reduction

10:20
10:45

Panel Discussion: Realizing the New Growth Agenda

Hall 1

Ryan Chilcote (Moderator)

Award winning Correspondent, Bloomberg Television and CNN alumnus

Jamshid Kuchkarov (Panelist)

Deputy Prime Minister, Minister of Economic Development and Poverty Reduction

Jim O'Neill (Panelist)

Former Chair, Chatham House

Anna Bjerde (Panelist)

Vice President, Europe and Central Asia, World Bank

Shixin Chen (Panelist)

Vice President, Asian Development Bank

Erich de Rothschild (Panelist)

Vice Chairman, Rothschild & Co.

Ron van Rooden (Panelist)

IMF Mission Chief for Uzbekistan, IMF

11:45
12:00

Networking tea

12:00
13:30

Building Momentum for Growth: Confronting Old and New Challenges

Hall 1

Uzbekistan is aiming at increasing GDP per capita by 1.6 times next 5 years, with a goal of getting into upper middle income group by 2030. This goal requires leapfrogging in certain sectors, resulting in jump start growth. On the other hand, maintaining macroeconomic stability is a key condition. Reform directions to create conditions for business and investment climate improvement: as such energy supply and energy efficiency, transformation and privatization, land and urbanization, agriculture sector reforms (choice of farmers, stimulate R&D, new and modern technologies), capital markets development, transport and logistics services liberalization, trade liberalization, opening new markets and access to integrations, human capital development (education, health, poverty reduction), development of digital economy, bringing knowledge and science in every aspect (AI, IT), improve labor factor productivity and to apply green economy principles to every aspect of socio-economic situation (green finance, water, energy, land efficiency, agriculture, industry). How to make these ambitious targets viable in pandemic era? How sustainability can be attained? How to tackle the issues of climate change, jobs and poverty?

Charlotte Kan (Moderator)

International Business Journalist

Ilkhom Norkulov (Panelist)

First Deputy Minister of Economic Development and Poverty Reduction, Republic of Uzbekistan

Sandeep Mahajan (Panelist)

Practice Manager, The World Bank

Ron van Rooden (Panelist)

IMF Mission Chief for Uzbekistan, IMF

Eric Livny (Panelist)

Regional Leading Economist, EBRD

Martin Blum (Panelist)

Head of Capital Markets Strategy and ESG Ambassador, Raiffeisen Bank International Capital Markets Sales and Trading

Erich Arispe (Panelist)

Sovereign Analyst, Fitch Ratings

13:30
14:45

General Audience Lunch

13:30
14:45

VIP Lunch & “Fireside Chat” – The Global Context and the Development of the Uzbek Economy

Jim O'Neill

Former Chair, Chatham House

Roundtable: Developing Human Capital Potential to Drive Inclusive Growth and Poverty Relief

Hall 2

Over the past decades the poverty rate in Uzbekistan has dropped from 27% of total population to less than 11% in 2018, and some half a million Uzbekistan youth join the labour market annually. In order to create needed jobs, policymakers, with the support of business leaders, must combine the strong traditional grounding in basic education with technical skills development, entrepreneurship, SME development, and research and innovation. What should be done to assure that growth opportunities remain inclusive and that poverty alleviation and social safety nets are sustained? What are the types of skills and jobs that are needed to assure the most economically disadvantaged into the mainstream economy? What’s the role of education in the poverty relief? How can strengthening regional trade factor into further economic growth? What further steps should be taken to create the jobs of tomorrow in sectors ranging from digitalization, chemical engineering, transport and logistics management to professional services and communications?

Piers Cumberlege (Moderator)

Chairman, Straightview Intl., Executive Faculty, HEC Paris & Doha.

Hanan Ahli (Panelist)

Acting Director, Federal Competitiveness and Statistics Centre, UAE

Matilda Dimovska (Panelist)

Resident Representative in Uzbekistan, UNDP

Pedro Conceição (Panelist)

Director of the Human Development Report Office, UNDP

Bobur Khodjaev (Panelist)

Head of Sector, Administration of the President, Republic of Uzbekistan

Mavluda Shirinova (Panelist)

Director, “SABR” socio-economic center

William Seitz (Panelist)

Senior poverty economist, World Bank

Interactive Panel: Prospects of Regional Economic Cooperation

Hall 3

The Uzbek economic reform agenda does not only have implications domestically – a prosperous, thriving Uzbekistan can strengthen Central Asian and wider CIS stability and act as a catalyst for wider regional growth. What are some of the key sectors that can foster stronger trade and investment ties? What are some of the major logistics infrastructure projects and policy prescriptions that can deepen regional connectivity and what new transport corridors might be created? What steps should be taken to assure a more rational use of water and other shared regional resources?

Tatyana Proskuryakova (Moderator)

Regional Director for the Central Asia, World Bank

Eldor Aripov (Panelist)

Director, ISRS under the President of Uzbekistan

Daniil Egorov (Panelist)

Director of the Federal Taxation Service, Russian Federation

Andreas Schaal (Panelist)

Global Relations Director, OECD

Sergey Lebedev (Panelist)

Executive Secretary, CIS

Fayziddin Qahhorzoda (Panelist)

Minister of Finance, Republic of Tajikistan

Dmitriy Volvach (Panelist)

Deputy Minister of Economic Development, Russian Federation

Sahib Alekperov (Panelist)

Deputy Minister Economy, Republic of Azerbaijan

16:15
16:30

Networking tea

16:30
18:00

Opening the Economy to Maintain Competitiveness – Financial Times Live virtual panel co-hosted by the Government of the Republic of Uzbekistan

Hall 1

Having experienced early success in instigating market-oriented economic reforms, Uzbek policymakers now face new challenges as they seek to balance the risks in gradually opening to international competitive pressures while maintaining overall stability and public support for reforms. What are the key sectors set for liberalization and what approaches have proven most effective? How can increased private sector participation in the economy stemming from privatization and new PPP approaches coupled with SOE reforms lead to greater competition and competitiveness?

Jacopo Dettoni (Moderator)

Editor at fDi Intelligence, FT

Jamshid Kuchkarov (Panelist)

Deputy Prime Minister, Minister of Economic Development and Poverty Reduction

Timur Ishmetov (Panelist)

Minister of Finance, Republic of Uzbekistan

Sir Suma Chakrabarti (Panelist)

Former President, EBRD

Hela Cheikhrouhou (Panelist)

Regional Vice President, IFC

Prof. Richard Pomfret (Panelist)

Economist, The University of Adelaide

Bo Inge Andersson (Panelist)

General Director, UzAutoMotors

18:00
19:00

Signing Ceremonies

Hall 1

19:00
21:00

Dinner hosted by the Government

Speakers

Jamshid Kuchkarov

Deputy Prime Minister, Minister of Economic Development and Poverty Reduction

Jim O'Neill

Former Chair, Chatham House

Anna Bjerde

Vice President, Europe and Central Asia World Bank

Shixin Chen

Vice President, Asian Development Bank

Erich de Rothschild

Vice Chairman, Rothschild & Co.

Timur Ishmetov

Minister of Finance, Republic of Uzbekistan

Sir Suma Chakrabarti

Former President, EBRD

Ron van Rooden

IMF Mission Chief for Uzbekistan, IMF

Eugene Zhukov

Director General, Asian Development Bank

Omonullo Nasritdinkhodjaev

First Deputy Minister of Finance, Republic of Uzbekistan

Malika Ghendouri

Deputy CEO, Veolia Environment

Ilkhom Norkulov

First Deputy Minister of Economic Development and Poverty Reduction, Republic of Uzbekistan

Tatyana Budey

CFO, JSC "UzMetkombinat"

Odilbek Isakov CFA

Deputy Minister of Finance, Republic of Uzbekistan

Olga Pankratova

Member of Supervisory Council, Navoi Mining and Metallurgical Company

Çiğdem Akin PhD

Principal Public Management Economist, Asian Development Bank

Karim Amin

Executive Vice-President Generation, Siemens Energy

Zafar Khashimov

CEO, Korzinka.uz

Akmalkhon Ortikov

Director, State Assets Management Agency of the Republic of Uzbekistan

Hanan Ahli

Acting Director, Federal Competitiveness and Statistics Centre, UAE

Nikoloz Kurdiani

Deputy CEO, TBC Bank

Jurabek Mirzamakhmudov

Chairman of the Board, JSC "Uzkimyosanoat" (Uzbek Chemical Industry)

Bo Inge Andersson

General Director, UzAutoMotors

Andriy Avramenko

Chief Financial Officer, Coca-Cola Icecek

Sukesh Chandra Gain

Vice President, International Business Development, Nephroplus

Sherzod Khodjaev

Deputy Minister of Energy, Republic of Uzbekistan

Sergey Lebedev

Executive Secretary, CIS

Sandeep Mahajan

Practice Manager, The World Bank

Nodir Nuritdinov

Deputy Director, PPPDA

William Seitz

Senior poverty economist, World Bank

Murat Yakubov

Founder, LLC “Textile Technology Group”

Eldor Aripov

Director, ISRS under the President of Uzbekistan

Erich Arispe

Sovereign Analyst, Fitch Ratings

Martin Blum

Head of Capital Markets Strategy and ESG Ambassador, Raiffeisen Bank International Capital Markets Sales and Trading

Pedro Conceição

Director of the Human Development Report Office, UNDP

Prakash Kerjival

Director, Indorama Group

Bobur Khodjaev

Head of Sector, Administration of the President, Republic of Uzbekistan

Eldor Mannopov

Managing Partner, Dentons

Scott Osheroff

CIO, Asia Frontier Capital Uzbekistan Fund

Alexander Picker

Chairman of the Supervisory Board, JSCMB "Ipoteka-bank"

Prof. Richard Pomfret

Economist, The University of Adelaide

Andreas Schaal

Global Relations Director, OECD

Mavluda Shirinova

Director, “SABR” socio-economic center

Ben Slay

Senior Advisor, UNDP

Bekzod Usmanov

Director, Republican Stock Exchange “Tashkent”

Alexander Von Gleich

Independent Board member, SQB

Botir Zakhidov

First Deputy Chairman, Central Bank of Uzbekistan

Bobir Abdinazarov

Deputy Minister of Economic Development and Poverty Reduction, Republic of Uzbekistan

Sarvar Akhadov

Director, “Techno Park”LLC

Dildora Atadjanova

Founder, “Teodora Goods” company

Vladislav Boutenko

First Deputy Chairman, Central Bank of Uzbekistan

Hela Cheikhrouhou

Regional Vice President, IFC

Arielle de Rothschild

Member of the Board, Rothschild & Co.

Liubov Egorova

Senior Resource Geologist, SRK Consulting

Muneer Ferozie

Regional Manager for PPP Transactions Advisory, IFC

Felix Orsini

Global Head of DCM, Societe Generale

Dan Patterson

General Director, Silverleafe International

Fayziddin Qahhorzoda

Minister of Finance, Republic of Tajikistan

Jan Tavrovsky

Regional Head, J.P. Morgan

Tom Teerlynck

Executive Vice President, Acwa Power

Sahib Alekperov

Deputy Minister Economy, Republic of Azerbaijan

Atanu Das

Vice President of Project Finance, Acwa Power

Matilda Dimovska

Resident Representative in Uzbekistan, UNDP

Daniil Egorov

Director of the Federal Taxation Service, Russian Federation

Niall Hannigan

CFO, Masdar

Adkham Ikramov

Chairman, Chamber of commerce and industry

Bobir Islamov

Chairman, State committee on geology and mineral resources

Abdullo Khursanov

Chairman, Almalyk mining and metallurgical combinat

Natalya Lim

Financial Services Consulting and Deals Partner, PwC

Eric Livny

Chairman, Chamber of commerce and industry

Shahin Mustafaev

Deputy Prime-Minister, Republic of Azerbaijan

Rza Nuriev

Managing Director and Partner, Head of Central Asian and Caspian region, BCG

Kuvandik Sanakulov

General director, Navoi mining and metallurgical combinat

Mirjana Spoljaric Egger

Director of the Regional Bureau, UNDP

Dmitriy Volvach

Deputy Minister of Economic Development, Russian Federation

Laszlo Wolf

Deputy CEO, OTP Bank

Ryan Chilcote

Award winning Correspondent, Bloomberg Television and CNN alumnus

Piers Cumberlege

Chairman, Straightview Intl., Executive Faculty, HEC Paris & Doha.

Alkis Drakinos

Associate Director, Head, EBRD in Uzbekistan

Wiebke Schloemer

Director for Europe and Central Asia, International Finance Corporation (IFC)

Tatyana Proskuryakova

Regional Director for the Central Asia, World Bank

Jacopo Dettoni

Editor at fDi Intelligence, FT

Charlotte Kan

International Business Journalist

Cindy Malvicini

Country Director, Uzbekistan Resident Mission, Asian Development Bank

Vinayak Nagaraj

Senior Country Economist, World Bank Uzbekistan

Davit Babasyan

Senior Financial Sector Specialist, World Bank

Alisher Djumanov

Managing Partner, Bukhara Wealth

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Jamshid Kuchkarov

Deputy Prime Minister Minister of Economic Development and Poverty Reduction

He graduated from the Tashkent Institute of National Economy (now the Tashkent State University of Economics) and in 1996 from Colorado State University (USA).

He began his career in 1985 as a senior accountant at the Kattakurgan Reiselkhoztekhnika. From 1985 to 1987 he served in the army. In 1987 he entered graduate school at the Tashkent Institute of National Economy, and from 1990 to 1993, he worked there as a teacher.

In 1993, he started working at the Central Bank of Uzbekistan. From 1996 to 1997, he held the post of Deputy Chairman of the Central Bank of Uzbekistan. In 1997, he was appointed deputy finance minister – head of the Main State Budget Directorate of the Ministry of Finance and held this post until 2005. In 1997, he was appointed a member of the Joint Uzbek-Moldovan Commission to Enhance Multilateral Cooperation by the Cabinet of Ministers of Uzbekistan. In 2015-2016, he served as Deputy Minister of Finance and then First Deputy Minister of Finance.

In 2017, he was appointed Deputy Prime Minister for Economic Development, Structural Transformation of Investment, Reform of the Banking and Financial System, and Coordination of Free Economic and Small Industrial Zones. On 28 November 2017, President of Uzbekistan Shavkat Mirziyoyev appointed Deputy Prime Minister for Macroeconomic Analysis and Forecasting, Financial and Banking System Reforms, Private Entrepreneurship and Small Business Development, and Minister of Finance of Uzbekistan.

Jamshid Kuchkarov is a member of the CIS Economic Council and was the chairman of this council in 2020.

On 24 January 2020, he was approved as Deputy Prime Minister for Financial and Economic Affairs and Poverty Reduction, and on 24 February the same year he was appointed Minister of Economy and Industry. On 26 March 2020, the Ministry of Economy and Industry was transformed into the Ministry of Economic Development and Poverty Reduction by presidential decree.

Jim O'Neill

Former Chair Chatham House

Lord O’Neill was Chair of Chatham House until July 2021. His previous roles include, joint head of research at Goldman Sachs (1995–2000), its chief economist (2001–10) and chairman of its asset management division (2010–13); creator of the acronym BRIC; chair of the City Growth Commission (2014); chair of the Review on Antimicrobial Resistance [AMR] (2014-16); commercial secretary to the Treasury (2015-16).  He is a board member, and one of the founding trustees of educational charity SHINE.  

Jim recently joined a new EU/WHO Commission on COVID-19.

Lord O’Neill was created a life peer in 2015, and serves as a crossbench member of the House of Lords.  He is an honorary professor of economics, University of Manchester, and holds honorary degrees from the University of Sheffield, University of Manchester, University of London and from City University London. He received his PhD from the University of Surrey and is now a Visiting Professor there.

Anna Bjerde

Vice President, Europe and Central Asia World Bank

Anna Bjerde became World Bank Vice President for Europe and Central Asia on May 1st, 2020. In this position, Anna leads the World Bank’s strategic, analytical, operational and knowledge work in the region.

Prior to this, Anna was Director of Strategy and Operations for the Middle East and North Africa region at the World Bank. Before that, she oversaw the Bank’s strategies, lending and analytical work for sustainable development, covering all six of the Bank’s regions. She also held a deputy Vice President role in the Europe and Central Asia region in 2014-15.

Anna has over 25 years of experience working in development in Africa, the Middle East, Europe and Central Asia, Latin America and the Caribbean, East Asia, and South Asia. Anna is a recognized leader in economic development, with a specific interest in inclusive growth and sustainable development.

Anna is an experienced leader and manager, with experience overseeing large and decentralized workforces and country offices, as well as forging strong bilateral and multilateral partnerships. Anna has a Master’s in Business and Economics from the University of Stockholm. 

Shixin Chen

Vice President Asian Development Bank

Mr. Chen is a national of the People’s Republic of China (PRC). He holds a doctorate in Economics from the Graduate School of the Research Institute for Fiscal Science, PRC and a master’s degree in Public Policy Management from Harvard University, USA. 

He has nearly 28 years of professional experience. He is responsible for sovereign operations in South Asia, Central Asia, and West Asia in ADB. Prior to joining ADB, Mr. Chen headed the Department of International Economic and Financial Cooperation at the Ministry of Finance, PRC. 

From 1998, Mr. Chen held senior positions in the Ministry of Finance, overseeing areas of public finance and partnerships with multilateral development banks. From 2012 to 2014, he was a Board Director in the Credit Guarantee and Investment Facility, the Republic of Philippines. 

He was World Bank’s Board Director for the PRC from 2013 to 2016 and a Board Director for the PRC in the New Development Bank and the Asian Infrastructure Investment Bank from 2016 to 2018.

Eric de Rothschild

Vice Chairman Rothschild & Co

Timur Ishmetov

Minister of Finance Republic of Uzbekistan

Mr. Ishmetov holds a bachelor’s degree from the Finance and Credit Department of the Tashkent Finance Institute. In 2005, he graduated with a Master’s degree in International Money and Banking from the University of Birmingham (UK). In 2008 he graduated from the Faculty of Law of the Tashkent State Law University.

He was a leading economist of the Special Exchange Transactions Department of the Central Bank in 2000-2001. From 2001 to 2004, he was a senior expert-analyst and the head of the department of currency exchange and foreign relations of the Central Bank of Uzbekistan. From 2004 to 2008, he worked at the monetary operations department of the Central Bank. In 2008-09, he headed the International Reserves Management Department of the Central Bank. In 2009, he was appointed Director of the Central Bank’s Domestic Market Operations Department. From 2010 to 2017, he was director of the Department of Foreign Exchange Regulation and Control of the Central Bank.

In April 2017, he became First deputy chairman of the State Investment Committee, and in June the same year he became first deputy chairman of the Central Bank of Uzbekistan.

In May 2019, he moved to the Ministry of Finance, where he was First Deputy Minister until February 2020. On 20 February 2020, Timur Ishmetov was appointed as Minister of Finance.

Sir Suma Chakrabarti

Former President EBRD

Chakrabarti joined the UK’s Overseas Development Administration (ODA), the predecessor to the Department for International Development, in 1984 as a senior economic assistant working on macroeconomics issues and UK aid projects. He previously worked in Botswana on an Overseas Development Institute Fellowship. He was seconded by the UK government to the International Monetary Fund and the World Bank in the 1980s. On returning to the ODA in London, he became Private Secretary to the Conservative Lynda Chalker, then Minister of State for Overseas Development based at the Foreign Office. Chakrabarti subsequently became Head of Aid Policy and Resources.

He moved to H.M. Treasury in 1996 before taking a Cabinet Office post responsible for creating the new central Performance and Innovation Unit to support the Prime Minister, Tony Blair, co-ordinating reviews of long-term issues that cross public sector institutional boundaries. Still in the Cabinet Office, he headed the Economic and Domestic Affairs Secretariat, also maintaining a foot in the then Department of Transport, Local Government and the Regions.

In 2001, returning to the Department for International Development (DfID), the successor body to the ODA, Chakrabarti became DfID Director-General for Regional Development Programmes, managing 1,200 staff in Africa, Asia, Eastern Europe, the Caribbean and Latin America. On 8 December 2009, he gave evidence to The Iraq Inquiry, discussing preparations for the 2003 invasion of Iraq.

From 2007 to 2012, he served as a Permanent Secretary (senior civil servant) to the UK’s Ministry of Justice. During that period, he also held office as Clerk of the Crown in Chancery, and, as such, was responsible for the running of the Crown Office, under the directions of the Lord Chancellor. He was appointed on 15 November 2007.

Ron van Rooden

IMF Mission Chief for Uzbekistan IMF

Ron van Rooden is an Assistant Director in the International Monetary Fund’s Middle East and Central Asia Department. He is currently mission chief for Uzbekistan. Mr. van Rooden joined the IMF in 1994. During his career at the IMF he has gained an extensive experience of working with economies in transition and emerging economies, as well as post-conflict countries. Prior to joining the IMF, Mr. van Rooden worked at the Dutch central bank. He is a national of the Netherlands.

Eugene Zhukov

Director General Asian Development Bank

Mr. Zhukov is a national of Kazakhstan. He holds a master’s degree in Economics from Claremont Graduate School, USA and a university diploma with distinction in Political Economy from Kazakh National University, Kazakhstan. He has more than 26 years of professional work experience, including more than 25 years in ADB. He joined ADB in 1995 and progressed into increasing levels of responsibility across several departments. He was appointed as Director General of Central and West Asia Regional Department in January 2021. 

Omonullo Nasritdinkhodjaev

First Deputy Minister of Finance Republic of Uzbekistan

Head of the Public Administration Program Department of the UN Development Program in Uzbekistan from 2004-2005

Economic Expert, Deputy Head, International Finance Corporation Central Asia Mortgage Lending Project from 2005-2007

Director of Financial and Economic Affairs of the South-Ural Mining and Processing Company LLC in Moscow from 2007-2009

Director of Economic Affairs of the Moscow-based holding company Metalloinvest from 2009-2011

Director of Strategy and Investment, Baikal Mining Company, Moscow from 2011-2013

First Deputy General Director of Baikal Mining Company in Moscow from 2013-2014

General Director of Baikal Mining Company in Moscow from 2014-2016

Deputy General Director of Baikal Mining Company Holding Company in Moscow from 2016-2019

Deputy Adviser to the President of the Republic of Uzbekistan on Economic Development, Investment and Foreign Trade Policy 2019-2020

First Deputy Minister of Finance of the Republic of Uzbekistan from 2020 to present

Malika Ghendouri

Deputy CEO Veolia Environmen

Ilkhom Norkulov

First Deputy Minister of Economic Development and Poverty Reduction Republic of Uzbekistan

Ilhom Norkulov (born 1981) holds a BA in International Economic Relations from Tashkent State University of Economics and an MA in Economic Development from Glasgow University (UK). He has worked in the Ministry of Economy and in the manufacturing sector. In 2010, he joined the Central Bank as Chief Economist. He was Head of the Central Bank’s Monetary Policy Department from 2013 to 2018 and Deputy Head of the Central Bank from 2018 to 2019.

Tatyana Budey

CFO JSC "UzMetkombinat"

Ms. Budey has worked in energy sector since 2008, namely in JSC “Stroytransgaz”, CJSC “NIPI “InjGeo”, JSC “ENEKS”. She joined to JSC “Uzmetkombinat” as Chief Financial Officer in 2021.

Odilbek Isakov CFA

Deputy Minister of Finance Republic of Uzbekistan

Mr. Odilbek Isakov is a graduate of  Manchester Metropolitan University (BA in Business Economics, UK) and the University of Strathclyde (MSc in Finance, UK) and holds the Chartered Financial Analyst designation.

In 2006, he joined HSBC’s investment banking Graduate Programme and rose through the ranks to become a Director at Debt Capital Markets covering emerging markets.  During 2011-2018, Mr. Isakov originated and closed 70+  financing transactions worth USD115bn for emerging markets sovereigns, corporates and banks leading to his nomination as the most impressive origination banker by GlobalCapital in 2014, 2015 and 2017.

In 2018, Mr. Isakov returned home and joined the Ministry of Finance of the Republic of Uzbekistan to set up Debt Management Office and prepare for Uzbekistan’s sovereign debut Eurobond. Within 5 months into the role, a highly successful LSE-listed USD1bn dual-tranche bond was closed in February 2019 . 

Since March 2019, as Deputy Minister of Finance, Mr. Isakov oversees Debt Management Office, State Treasury, Public Private Partnership, Capital Markets, International Ratings and the MoF IT centre.

Olga Pankratova

Member of Supervisory Council Navoi Mining and Metallurgical Company

Olga Ponkratova is a native of Uzbekistan and a graduate of the Higher School of Economics (Russia) and Harvard Business School.

Within the framework of IFG, Olga Ponkratova advised the state bodies of Uzbekistan on attracting foreign investors, created the concept of Invest in Uzbekistan.

Çiğdem Akin PhD

Principal Public Management Economist Asian Development Bank

A Ph.D. economist with work experience in academia, international organizations, multinational corporations and non-profit sector. She has been working in ADB as a several public management positions since 2013.

Regional Expertise: Turkey, Eurozone, Japan, BRICS, and Emerging Markets, South Asia (Bhutan, India, Maldives, and Nepal), Central and West Asia (Afghanistan, Azerbaijan, and Uzbekistan).

Educational background: Bachelor of Arts, Political Science, International Relations – Bogazici University; Master of Arts in Development Economics and International Development program at International University of Japan, PhD in International Economics at the Johns Hopkins University.

Karim Amin

Executive Vice-President Generation Siemens Energy

Executive Vice President Generation – Siemens Energy since April, 2020 who is responsible for the Global Power Generation business within the Gas & Power group of Siemens AG including global sales, engineering, proposals and project execution for the complete portfolio of fossil power generation. He has more than 20 years experience at several positions at Siemens.

Education: MBA , University of Warwick; Bachelor of Science, Electrical Engineering, Cairo university.

Zafar Khashimov

CEO Korzinka.uz

From 1992 to 1995 Zafar Khashimov was the general director of UzEX LLC. From 1995 to 1997 Director of Business Development at Balton Trading (Asia).

In December 1996, Zafar Khashimov founded Anglesey Food. In 1997, the entrepreneur opened the first store under the Anglesey Food brand, the current Smart in Darkhan, laying the foundation for the development of a supermarket chain in the retail market in the Republic of Uzbekistan.

In 2013, Zafar Khashimov opened the first clothing and footwear store for the whole family, REDTAG Uzbekistan, a franchise of a Dubai brand that is part of the BMA International Group. In 2018, Zafar Khashimov opened the first multi-brand store of Turkish shoes FLO in Uzbekistan.

In 2019, Zafar Kamilevich presented a new project in Tashkent, the Five food court. Five is the first food court in Uzbekistan, created not as an addition to a shopping and entertainment center, but as a unique gastronomic project. It unites 7 restaurants and 1 coffee shop.

Zafar Khashimov attracted investment from the EBRD. In November 2019, it became known that the EBRD is investing up to $ 40 million in the form of direct investments in the equity capital of FE LLC Anglesey Food, the operator of the supermarket chain korzinka.uz. The investments will support the Network Expansion Program from the current 50 to 140 supermarkets by 2025, as well as improve operational efficiency and corporate governance standards, in line with international standards. In February 2020, a deal between the EBRD took place.

In May 2020, it was announced that Zafar Khashimov became a co-founder and member of the Board of Trustees of the first entrepreneurial university in Uzbekistan, TEAM University.

Akmalkhon Ortikov

Director State Assets Management Agency of the Republic of Uzbekistan

Head of the Namangan regional Finance Department from 2013-2015.

Head of the Fergana regional Finance Department from 2015-2017

First deputy Khokim (Governor) of Namangan region on economic and entrepreneurship development from 2017-2017

Deputy minister, Ministry of Economy of the Republic of Uzbekistan from 2017-2018.

First deputy Khokim (Governor) of Fergana region on economic and entrepreneurship development from 2018-2019

Head of the Secretariat for Macroeconomic analysis, restructuring, financial and banking systems and private entrepreneurship of the Cabinet of Ministers of the Republic of Uzbekistan from 2019-2020

First deputy minister, Ministry of Economic Development and Poverty Reduction of the Republic of Uzbekistan from 2020-2020.

Director of the State Assets Management Agency of the Republic of Uzbekistan from 2021 – present.

Hanan Ahli

Acting Director Federal Competitiveness and Statistics Centre, UAE

Her Excellency Hanan Ahli is the Acting Director of the Federal Competitiveness and Statistics Centre (FCSC), a government entity affiliated with the Ministry of Cabinet Affairs in the United Arab Emirates (UAE). Under her leadership, the center works on developing and enhancing the UAE’s performance in the sectors of global competitiveness, statistics, national data and the sustainable development goals (SDGs)

In her capacity, Hanan oversees a range of policies outlined in the UAE’s National Agenda, with a strong emphasizes on embracing the strength of statistics and competitiveness for policymaking and strategic planning.
Prior to this designation, Hanan held the position of the Executive Director of the Competitiveness Sector at the Federal Competitiveness and Statistics Authority (FCSA). During her tenure as Executive Director, Hanan focused on strengthening the competitiveness of the United Arab Emirates, by enhancing the performance of major economic, commercial and social sectors in the country, through data enablement across different sectors, launching initiatives and strategies that aimed at improving the performance of country’s competitiveness.
Hanan Ahli has extensive experience in business administration, data enablement, policy-making and financing programs. Hanan holds an MBA from the American University of Sharjah (UAE) and a Bachelor degree in Business Sciences from Zayed University (UAE). She is a graduate of the UAE Government Leadership Program, in the Future Leadership category and Policies Diploma, and has credentials from the London Business School, Institute of Management Development (IMD), and Harvard Kennedy School.

Nikoloz Kurdiani

Deputy CEO TBC Bank

Jurabek Mirzamakhmudov

Chairman of the Board JSC "Uzkimyosanoat" (Uzbek Chemical Industry)

He graduated from the Tashkent Institute of Chemical Technology, as well as from the University of Alabama (USA). 

From 2020 he is the Chairman of the Board of JSC “Uzkimyosanoat”. He also holds the position of executive director of the Tashkent branch of the Russian Chemical Technical University named after D.I. Mendeleev.

Bo Inge Andersson

General Director UzAutoMotors

Bo Anderson was Senior Executive Advisor to Yazaki Europe & Africa and North & Central America to Support the transition to the New leadership April-June. Until April 1 2021 He was CEO / President of Yazaki Europe & Africa and North America & Central America responsible for 129 locations, in 28 countries, 140,000 team members and more than $8 billion in revenue. Yazaki is the world’s largest producer of electrical wiring harnesses for the automotive industry. He was also in Charge of Yazaki’s Global Purchasing.

Prior to Yazaki, Bo Andersson’s career included roles as Head of Purchasing at Saab Automobile, Head of Global Purchasing and Supply Chain at General Motors, CEO for the turn-around of GAZ Group, and as the first non-Russian Chief Executive Officer at Avtovaz, where he worked from December 2013 till 3 April 2016.

From April 2016 through June 2017, Bo Andersson worked as CEO of Bo Group Enterprises. In July 2017, Bo Andersson was named President of Yazaki Europe & Africa and on March 3, 2018, he added the role of President of Yazaki North & Central America.

Andriy Avramenko

Chief Financial Officer Coca-Cola Icecek

Andriy Avramenko was appointed as CFO-elect for Coca-Cola Icecek A.Ş. as 1 January 2019. Mr. Avramenko has 25 years of experience, including 20 years of Coca-Cola tenure, after starting his career in Arthur Andersen’s Kiev office in 1994. In 1999, he joined Tactical TCCC as an Internal Auditor and moved to the Mergers & Acquisitions team in 2003. Mr. Avramenko served as Supply Chain Development Director of the Global Juice business between 2008 and 2011. He then served in the India & South West Asia Business Unit as Vice President and General Manager of the Juice Business until 2013, and Vice President of Strategy and General Manager of the Still Beverages Business until 2015. Between March 2015 and May 2018, he served as Group Director responsible for Mergers & Acquisitions for the Eurasia & Africa region. Before joining CCI, Mr. Avramenko was serving as Group Director of Corporate Development for the Europe, Middle East and Africa Group and was a Board Member of Coca-Cola Beverages Africa.

Sukesh Chandra Gain

Vice President, International Business Development Nephroplus

Sukesh is a dynamic business development, strategy and sales professional with over 10 years of diverse experience in healthcare (pharmaceutical, medical devices, diagnostics and life sciences).

He has been instrumental in penetrating newer geographies and managing the entire gamut of BD and sales activities in the USA, LATAM, Europe, APAC, Middle East, Russia and CIS for multiple organizations.

Prior to joining NephroPlus, he was heading the diagnostics business unit in Medlife International. Earlier, he also had international stints with Eurofins Scientific (erstwhile Advinus Therapeutics), BioGenex, Sentiss Pharma and Tata Consultancy Services.

Sukesh obtained his B.Tech in Biotechnology from WBUT, M.Tech in Bioinformatics from University of Hyderabad and a full time MBA from Faculty of Management Studies – Delhi.

Sherzod Khodjaev

Deputy Minister of Energy Republic of Uzbekistan

Sergey Lebedev

Executive Secretary CIS

Lebedev Sergey Nikolaevich – Chairman of the Executive Committee – Executive Secretary of the Commonwealth of Independent States since October 5, 2007.

Sergei Nikolaevich Lebedev was born on April 9, 1948 in the city of Jizzak (Uzbek SSR), in the same place in 1965 he graduated from high school with a gold medal.
After graduating from the Chernigov branch of the Kiev Polytechnic Institute in 1970, S.N. Lebedev. was left to work at the institute, and after a short time was elected secretary of the Chernigov city committee of the Komsomol.

In 1971-1972 he served in the army in the Kiev military district, then worked in the Chernigov regional committee of the Komsomol.

Since 1973 – in the state security agencies, since 1975 – in foreign intelligence (First Main Directorate of the KGB of the USSR). Has counterintelligence training (Kiev School of the KGB) and intelligence education (Red Banner Institute of the KGB).

In 1978 he graduated with honors from the Diplomatic Academy of the USSR Ministry of Foreign Affairs.

Fluent in German and English. Many times he went on business trips abroad: the German Democratic Republic, the Federal Republic of Germany, West Berlin, united Germany.

1998-2000 – the official representative of the Foreign Intelligence Service in the United States.

On May 20, 2000, by the Decree of the President of the Russian Federation, he was appointed Director of the SVR. Military rank – General of the Army.

On March 27, 2009, by the Decree of the President of the Russian Federation, he was awarded the diplomatic rank of Ambassador Extraordinary and Plenipotentiary.

Has a number of state awards of the Russian Federation and other CIS countries.

On October 11, 2019, the heads of the CIS states once again extended Lebedev S.N. powers as Chairman of the Executive Committee – Executive Secretary of the Commonwealth of Independent States until December 31, 2022.

Sandeep Mahajan

Practice Manager The World Bank

Sandeep Mahajan is a Practice Manager in the World Bank’s Macroeconomic, Trade, and Investment Global Practice, responsible for the Europe and Central Asia region.

He has held various positions at the World Bank, including adviser to the World Bank’s Managing Director and Senior Vice President for Operations, Lead Economist for Vietnam (based in Hanoi) and Lead Economist for South Africa (based in Pretoria). Sandeep has led the Bank’s policy dialogue with client countries on a broad range of economic management issues, managed large budget support operations, and undertaken substantial and innovative analytical work on several challenging development issues. He was lead author of the Future Drivers of Growth in Rwanda study (prepared jointly with the Government of Rwanda), the Vietnam 2035 report (prepared jointly with the Government of Vietnam), and the Economics of South African Townships report (prepared in close collaboration with the South African National Treasury). His research interests and publications cover economic growth, macroeconomics, financial & private sector development, and trade policy.

Nodir Nuritdinov

Deputy Director PPPDA

  • 2004-2008 – General Manager of ASEM Construction Development UK LTD.
  • 2008-2011 – Student at Manchester Metropolitan University.
  • 2011-2014 – Auditor of the company “Deloitte”.
  • 2014-2016 – Financial Manager at Bouygues.
  • 2016-2019 – Senior Financial Planning and Analysis Specialist at Collinson Group.
  • 2019-2019 – Leading specialist of the department for development of the Aral Sea region and financing of regional programs for the development of the Aral Sea region and financial regulation of regional programs of the department for financial support of state development programs of the Ministry of Finance of the Republic of Uzbekistan.
  • 2019-2019 – Deputy Director of the Department for Financial Support of State Development Programs of the Ministry of Finance of the Republic of Uzbekistan.
  • 2019- till now – Deputy Director of the Agency for the Development of Public-Private Partnerships under the Ministry of Finance of the Republic of Uzbekistan.

William Seitz

Senior poverty economist World Bank

William Seitz is a Senior Economist and team leader for the Poverty and Equity Global Practice of the World Bank in Central Asia, based in Almaty, Kazakhstan. His areas of expertise include poverty measurement, small area estimation, labor market analysis, and survey methods. Before joining the World Bank, William worked as a Research Officer at the Centre for the Study of African Economies at the University of Oxford. William holds an MBA from the University of Denver and a Ph.D. in Economics from the University of Milan.

Murat Yakubov

Founder LLC “Textile Technology Group”

Eldor Aripov

Director ISRS under the President of Uzbekistan

Director of the Institute for Strategic and Interregional Studies under the President of the Republic of Uzbekistan, holds a PhD in Political Science. Research area: international relations, regional cooperation, problems of security and stability in Central Asia.

Erich Arispe

Sovereign Analyst Fitch Ratings

Erich Arispe is a director in Fitch Ratings’ Sovereigns group. He is responsible for analysis and ratings of sovereigns in Latin America and the Caribbean. He also works with the structured finance, corporate, and bank groups on regional ratings. Prior to joining Fitch in 2007, Arispe was an analyst at American International Group (AIG), where he covered Latin American sovereigns. He also worked in Macroeconomic and Political Risk at Zurich Emerging Market Solutions in Washington, DC. Arispe earned a BA in political science and economics from American University and an MA in international affairs from Johns Hopkins School of Advanced International Studies.

Martin Blum

Head of Capital Markets Strategy and ESG Ambassador Raiffeisen Bank International Capital Markets Sales and Trading

Martin has been deeply involved in Emerging Markets for 25 years, mainly with a focus on the CEE and CIS region. He leads RBI’s Capital Markets Strategy and also plays a key role in RBI’s Markets and Investment Banking ESG development. He is a voting member of the bank’s Structural FX Hedging Committee and is a regular speaker at Emerging Markets conferences.

Before joining RBI, Martin founded and co-managed Ithuba Capital’s macro hedge fund, focusing on East and West European sovereign credit and local currency markets. The fund was winner of the

Best Performing Macro-Discretionary Fund of the year in the 2012 UCITS Hedge Awards.

Prior to this he headed UniCredit’s Emerging Market Economic Research and Strategy Group where his team regularly won awards for strategy. He graduated from the London School of Economics in 1996 and has been active in Emerging European markets since then.

Pedro Conceição

Director of the Human Development Report Office UNDP

Since 1 January 2019 Pedro has been Director of the Human Development Report Office and lead author of the Human Development Report. Prior to this, Pedro served as Director, Strategic Policy, at the Bureau for Policy and Programme Support (from October 2014), and Chief Economist and Head of the Strategic Advisory Unit at the Regional Bureau for Africa (from 1 December 2009).

Before that, he was Director of the Office of Development Studies (ODS) from March 2007 to November 2009, and Deputy Director of ODS, from October 2001 to February 2007. His work on financing for development and on global public goods was published by Oxford University Press in books he co-edited (The New Public Finance: Responding to Global Challenges, 2006; Providing Global Public Goods: Managing Globalization, 2003).

He has published on inequality, the economics of innovation and technological change, and development in, amongst other journals, the African Development Review, Review of Development Economics, Eastern Economic Journal, Ecological Economics, Environmental Economics and Policy Studies, Food Policy, and Technological Forecasting and Social Change. He co-edited several books including: Innovation, Competence Building, and Social Cohesion in Europe- Towards a Learning Society (Edward Elgar, 2002) and Knowledge for Inclusive Development (Quorum Books, 2001).

Prior to coming to UNDP, he was an Assistant Professor at the Instituto Superior Técnico, Technical University of Lisbon, Portugal, teaching and researching on science, technology and innovation policy. He has degrees in Physics from Instituto Superior Técnico and in Economics from the Technical University of Lisbon and a Ph. D. in Public Policy from the Lyndon B. Johnson School of Public Affairs at the University of Texas at Austin, where he studied with a Fulbright scholarship.

Prakash Kerjival

Director Indorama Group

He is a Director at the Indoraman Group since 2004.

Prakash Kerjival focuses on business opportunities in Central Asia, Caucasus, CIS and Russia.

Bobur Khodjaev

Head of Sector Administration of the President, Republic of Uzbekistan

Eldor Mannopov

Managing Partner Dentons

Eldor Mannopov is the Managing Partner of Dentons Tashkent. He specializes in corporate, contract, commercial, construction and tax law. He assists clients in the energy, chemical and petrochemical, oil and gas, infrastructure and transportation, corporate, and investment sectors.

Eldor has experience advising Uzbek and foreign clients on the incorporation of limited liability companies, litigation and dispute resolution, due diligence, M&A transactions, purchase of immovable assets and the privatization of state-owned property. He also advises on taxation regulations affecting local and foreign corporations, permanent establishments, tax optimization structures, licensing of design, construction and operation activities in various fields (EPC, FIDIC contracts).

Recognized as a leading lawyer in projects and construction, Eldor assists clients in drafting commercial agreements including EPC, procurement, construction, services and/or works agreements (according to both Asian Development Bank or World Bank standards). He also advises companies in the oil and gas sector on exploration service agreements, agreements under Clean Development Mechanism (Kyoto Protocol), investment agreements, EPC contracts, and production sharing agreements. He also supports major projects by providing practical legal advice on employment issues (including the employment of foreign nationals) and drafting governmental resolutions for investment projects.

Scott Osheroff

CIO Asia Frontier Capital Uzbekistan Fund

He holds a Bachelor’s Degree in Business Administration with a Concentration in Finance from Northeastern University. Prior to joining Asia Frontier Capital, Scott worked with a New Zealand based private equity outfit where he sourced private equity deal flow in Asian frontier markets and co-founded a publishing company focused on providing financial news coverage in frontier markets. He has spent the last eight years living in Asian Frontier markets and currently resides between Yangon, Myanmar and Tashkent, Uzbekistan.

Alexander Picker

Chairman of the Supervisory Board JSCMB "Ipoteka-bank"

Prof. Richard Pomfret

Economist The University of Adelaide

Dr. Richard Pomfret has been Professor of Economics at the University of Adelaide since 1992. Before coming to Adelaide, he was Professor of Economics at the Johns Hopkins University School of Advanced International Studies in Washington DC, Bologna (Italy) and Nanjing (China). He previously worked at Concordia University in Montréal and the Institut für Weltwirtschaft at the University of Kiel in Germany. He has also held visiting positions at universities in Australia, Canada, China, France, Italy and the USA, and is an honorary Fellow of the Centre for Euro-Asian Studies at the University of Reading, UK, of Monash University European Centre, of the Centre for Social and Economic Research (CASE) in Warsaw, and of the research centre ROSES-CNRS at Université-Paris I.

Richard Pomfret has acted as adviser to the Australian government and to international organizations such as the World Bank, Asian Development Bank and United Nations Development Programme.  In 1993 he was seconded to the United Nations for a year, acting as adviser on macroeconomic policy to the Asian republics of the former Soviet Union.  He has also worked at the Organisation for Economic Co-operation and Development in Paris on several occasions while on leave from Adelaide.

His research interests centre on economic development and international economics, and he has published over a hundred papers in these fields. He has written seventeen books, including Investing in China 1979-1989; Ten Years of the Open Door Policy (1991), The Economics of Regional Trading Arrangements (1997; paperback edition 2001), Constructing a Market Economy: Diverse Paths from Central Planning in Asia and Europe (2002), The Central Asian Economies since Independence (2006), Regionalism in East Asia (2011),The Age of Equality: The twentieth century in economic perspective, published by Harvard University Press (2011) and Trade Facilitation, co-authored with Patricia Sourdin and published by Edward Elgar (2012).  He has also written  textbooks on international trade and on development economics, and edited a textbook on Australian trade policies.  

Richard Pomfret was Jean Monnet Chair on Economics of European Intergration from 2017-2020 

Andreas Schaal

Global Relations Director OECD

Mr. Andreas Schaal is the Director of OECD Global Relations. In this capacity, he is responsible for the OECD’s relations with Brazil, China, India, Indonesia and South Africa as well as with growing regions like Southeast Asia, Latin America and the Caribbean, South East Europe, Central Asia and the MENA region. He supports the Secretary General’s objectives for a regionally inclusive and globally relevant organisation.

Andreas Schaal is a non-Resident Senior Fellow of the Chongyang Institute for Financial Studies at Renmin University of China (RDCY).
Between 2013 – 2016, he served the organisation as the Head of the Sherpa Office and the Global Governance Unit at the OECD and between 2013-2018 as the G20 Sous Sherpa. He has worked with the OECD Chief of Staff and Sherpa to advance OECD contributions to key pillars of the global governance architecture, such as the G20, G7, APEC and the Deauville Partnership supporting Transition Countries in the MENA Region. He also represented the organisation as a Sous-Sherpa in the respective meetings.

Since joining the OECD in 2008 he has also held positions as a Senior Policy Analyst in the Investment Division of the Directorate for Financial Markets and Enterprise Affairs, and as Counsellor in the Office of the Secretary General. Prior to joining the OECD, Mr. Schaal held various positions during his work for the German Federal Government, including Deputy Director G8 Summit/German Sherpa Office, Federal Ministry of Economic Affairs and Technology, Economic Counsellor, German Permanent Delegation to the OECD, Paris, Vice Chair (elected 2005-2006) of OECD’s Economic and Development Review Committee (EDRC) and Policy advisor and chief of staff to Parliamentary Secretary of State Siegmar Mosdorf, MP, Federal Ministry of Economic Affairs and Technology.
Mr. Schaal, a German national, holds a Masters in Public Policy and Public Management from the University of Konstanz, Germany.
Curriculum Vitae Andreas Schaal

Mavluda Shirinova

Director “SABR” socio-economic center

The Director of the SABR Center for Socio-Economic Development from 1996 to present. The mission of the center is to improve the socio-economic situation of the target group, protect the interests of the most vulnerable segments of society – women and children, activate their civic position, develop abilities and opportunities to lead an independent life in a safe environment.

Mavluda Shirinova was the Director of the Social Initiatives Support Fund from 2011-2014, Coordinator of Winrock International (USA) from 2000 to 2004, and Coordinator of the UNDP Project on Gender Issues and NGO Support in Uzbekistan from 1997 to 1999.

Education: Russian State Social University (1990-1992), Samarkand State University (1982-1987).

Ben Slay

Senior Advisor UNDP

Bekzod Usmanov

Director Republican Stock Exchange “Tashkent”

Alexander Von Gleich

Independent Board member SQB

Botir Zakhidov

First Deputy Chairman Central Bank of Uzbekistan

He is responsible for overseeing work on prudential supervision of credit institutions, licensing and licensing procedures, inspection of credit institutions, methodology for regulating the activities of credit institutions, maintaining a state register of credit information, improving financial literacy and retraining banking specialists, consumer protection services for banking services.

B. Zakhidov was born in 1982 in the city of Tashkent. In 2003 he graduated from the Tashkent Financial Institute, in 2008 – from the Banking Financial Academy.
Has 20 years of experience in the banking sector. He has been working in the Central Bank system since 2009.

Bobir Abdinazarov

Deputy Minister of Economic Development and Poverty Reduction Republic of Uzbekistan

Bobur Abdinazarov (born in 1983) graduated from Tashkent State University of Economics (2003) and Japan International University. He started his career in 2005 as an assistant chief accountant and deputy director of Rishtan Tex. He has held various positions in the Ministry of Finance since 2007, Chief Economist and Deputy Head of the Accounting and Reporting Department (2007-2014), Head of the Agro-Economic Analysis Department. industrial complex (2017-2018), Deputy Prime Minister and Deputy Chief of Industry and Development of key industries, fuel and energy complex and geology (2018−2019).

Sarvar Akhadov

Director “Techno Park”LLC

Dildora Atadjanova

Founder “Teodora Goods” company

Vladislav Boutenko

Managing Director and Senior Partner Boston Consulting Group

Vladislav Boutenko is a member of the Center for Digital Government at Boston Consulting Group. He is a core expert and part of the leadership teams for the firm’s Public Sector; Technology, Media & Telecommunications; and People & Organization practices. In 2019, Vladislav was elected a BCG Henderson Institute Fellow. His research topic is “the future of cities.” 

Vladislav has over 25 years of working experience in Europe (France and Germany), the US (Silicon Valley) and Russia. Since joining BCG in 1999, he has advised CEOs and governments on dozens of large-scale projects for public organizations and major Russian and global companies. Vladislav’s work in the public sector covers development of strategic programs with a focus on long-term social and economic development, and implementation of innovations and attraction of investors. In the corporate sector, he focuses on strategy development, creating and launching startups, technology transformation and digitization, developer team management and motivation, definition and implementation of innovation development programs, and intellectual property management. 

Vladislav has significant experience in the high-tech sector, and has written over 20 articles on optics, digital holograms, astrophysics, medical physics, business strategy, sociology, and intellectual property. He holds nine European and American patents on digital devices, and is the first Vice President and Chairman of the Board of the Education Chamber of the Russian Book Union. Vladislav often speaks at the largest international business forums, such as the St. Petersburg International Economic Forum (SPIEF), the Eastern Economic Forum (EEF), and the Open Innovations forum.

Hela Cheikhrouhou

Regional Vice President IFC

Hela Cheikhrouhou is the Chairman and CEO of Nithio Holdings, a distributed energy financing platform for Africa. Ms. Cheikhrouhou served as the Minister of Energy, Mining and Renewables of Tunisia in 2016-2017. Prior to that, she was the founding Executive Director of the United Nations’ Green Climate Fund, leading the launch of the Fund between 2013-2016. Ms Cheikhrouhou had previously worked at the African Development Bank from 2007-2013, where she served as Director for the Energy, Environment and Climate Change Department, and earlier led the private Infrastructure Finance division of the AfDB. Ms Cheikhrouhou worked at the World Bank from 2003-2007 in the Finance, Private Sector and Infrastructure Department for Latin America and the Caribbean region. Between 1996-2003, Ms Cheikhrouhou worked in Citigroup’s Corporate and Investment Banking in North Africa, progressing in different duties including Morocco Country Treasurer and Vice President for North Africa Market Risk. Ms Cheikhrouhou holds a Masters of Science in Finance from HEC Montreal, Canada, and a Bachelor in Business Administration from IHEC Carthage, Tunisia.

Arielle de Rothschild

Member of the Board Rothschild & Co.

Arielle Malard de Rothschild received a PhD in economic sciences from the Paris Institute of Political Sciences (“Sciences Po”) and a masters degree in Bank and Finance from Paris University.

After ten years at Lazard Frères & Cie, she joined Rothschild & Cie SCS in 1999, in Global Advisory where she started the Emerging Markets department.

Managing Director at Rothschild & Cie SCS since 2006, she also serves as member of the Board of Directors of Groupe Lucien Barrière (France) and Imerys (France), and is a member of the Nomination and Remuneration Committee at Imerys as well.

She is also Chairwoman of CARE France and Vice-Chairwoman of CARE International (Switzerland).

In 2014, she has been appointed as member of the Board of Directors, Nomination and Remuneration Committee and Audit and Risk Committee of Electrica SA.

Liubov Egorova

Senior Resource Geologist SRK Consulting

Liubov is a head of geological department in SRK Consulting (Russia) and a Senior Resource geologist having 8 years employment in the geological sectors. Since joining SRK Consulting (Russia) Ltd Liubov’s responsibilities have included geological and block modelling, reporting geological resources, preparation of geological chapters in 43-101, Scoping Studies, CPR’s, PFS and FS, supervision of the drilling and exploration programmes and all other geological activities. Liubov is a memberof AusIMM.

Muneer Ferozie

Regional Manager for PPP Transactions Advisory IFC

Muneer Ferozie is the Head  Regional Manager for Transaction Advisory Services – Public Private Partnerships for the Middle East and North Africa region for IFC. Based in Dubai, he leads mandates for financial advisory for structuring and implementing Public-Private partnerships (PPPs) and privatizations in the infrastructure sector. Muneer has led and advised on many innovative transactions in the MENA region, including being lead advisor for: 
 
·     Madinah Airport Project, the first full airport PPP in the GCC region 
·     New Cairo Wastewater project, the first PPP in Egypt 
·     Dairut IPP project, a 2250MW IPP in Egypt 
·     King Abdulaziz International Airport Hajj Terminal Project, the first PPP of an airport terminal dedicated to religious pilgrimage 
·     A captive desalination project at Jeddah Airport 
·     Privatization of an IPP and concession of a greenfield IPP in Lebanon 
·     King Abdulaziz International Airport Operations & Management Concession 
·     New Taif International Airport in Saudi Arabia 
·     KFMC Radiology PPP in Saudi Arabia 
 
Muneer has extensive commercial and investment banking experience and has lived and worked in North America, Europe, the Middle East and South Asia. Prior to joining IFC in Washington D.C., he worked with ANZ Investment Bank in London from 1996 to 2004 in senior roles. At ANZ, he led the European power initiative to originate and execute project financing transactions in the power sector in Europe, worked in primary and secondary syndications for project and corporate finance transactions, and managed the Bank’s top European multinational clients as the Senior Global Relationship Manager for the manufacturing, consumer goods and pharmaceutical sectors. Prior to this, he worked in Pakistan for two years with ANZ Grindlays Bank (now Standard Chartered Bank) in corporate banking. 
 
Muneer holds an MBA in Finance and Strategy from the London Business School and an MBA from the Institute of Business Administration, Karachi (Pakistan).

Felix Orsini

Global Head of DCM Societe Generale

Felix Orsini is appointed Global Head of Debt Capital Markets at Societe Generale Corporate & Investment Banking in June 2019. He was previously Global Head of Debt Capital Markets Public Sector Origination within Societe Generale Corporate & Investment Banking since June 2016 and Global Co-Head of Debt Capital Markets Corporate Origination since June 2010. Felix joined the Societe Generale Debt Capital Markets’ team in 2008 as Head of DCM Origination for Corporate and Financial Institutions in France. Before joining Societe Generale, Felix developed and headed the ABN AMRO’s DCM Origination team in France for 12 years and he started his career at BNP in 1994 within Debt Capital Markets.

Felix is a graduate of ESSEC business school.

Dan Patterson

General Director Silverleafe International

Silverleafe,LLC is a US-Uzbek joint venture agro-cluster bringing modern practices and technologies to Uzbekistan’s agriculture, irrigation and textile industries. Silverleafe,LLC is committed to improving the lives of individuals in its local, regional and national communities through the modernization it brings to Uzbekistan.

Fayziddin Qahhorzoda

Minister of Finance Republic of Tajikistan

Jan Tavrovsky

Regional Head J.P. Morgan

Tom Teerlynck

Executive Vice President Acwa Power

Sahib Alekperov

Deputy Minister Economy Republic of Azerbaijan

Atanu Das

Vice President of Project Finance Acwa Power

Matilda Dimovska

Resident Representative in Uzbekistan UNDP

Daniil Egorov

Director of the Federal Taxation Service Russian Federation

Niall Hannigan

CFO Masdar

Adkham Ikramov

Chairman Chamber of commerce and industry

Bobir Islamov

Chairman State committee on geology and mineral resources

Abdullo Khursanov

Chairman Almalyk mining and metallurgical combinat

Natalya Lim

Financial Services Consulting and Deals Partner PwC

Eric Livny

Regional Leading Economist EBRD

Eric Livny joined the EBRD in September 2019 as Lead Regional Economist for Central Asia. In his current role with the Bank, Eric advises senior management on the Bank’s country strategies, liaises with governments and international financial institutions, and leads the industrial policy stream within the Bank’s Community of Practice on Competition Policy.

Having graduated from the Hebrew University in Jerusalem, Eric has been involved in the founding and management of several world-class education start-ups in the former USSR, including the New Economic School in Moscow, the Kyiv School of Economics (KSE), and the International School of Economics at Tbilisi State University (ISET). In 2007-2018, Eric served as President with the International School of Economics in Tbilisi (ISET) and the affiliated ISET Policy Institute, advised Georgia’s ministers of Economic and Sustainable Development Dimitri Kumsishvili and Giorgi Gakharia, and headed the economic policy commission at the International Chamber of Commerce-Georgia (ICC-Georgia). In 2011-2019, Eric has been regularly publishing his views on policy in weekly columns in Georgia Today and The Financial, as well as in The ISET Economist and his Tbilinomics Tamada blog. Eric is married to Anna Sekowska-Livny, and is a father to four kids. He is passionate about classical Russian literature, fitness, and blogging.

Shahin Mustafaev

Deputy Prime-Minister Republic of Azerbaijan

Mustafayev was born on June 13, 1965 in Noyemberyan, Armenia. In 1989, he graduated from the Baku branch of Voznesensky Saint Petersburg State University of Economics and Finance. In 1990–1991, he worked as the Senior Accountant at Baku’s Main Construction Department. In 1991–1992, he was employed as the Senior Accountant at Spektr firm. From 1992 through 1999, Mustafayev worked as an auditor, senior tax auditor, senior state auditor and department director at the State Taxation Office in Baku. In 1999–2000, he worked as the director of department for economic analysis, accounting and tax forecasts. In 2000–2003, Mustafayev was the assistant to, and then department director of Economic Analysis and Accounting Office of the Ministry of Taxes and in 2003–2005, he worked as the Senior Accountant and later as the head of Accounting Department at State Oil Company of Azerbaijan Republic (SOCAR). He then served as the Vice President for Economic Relations of SOCAR from March 1, 2005 until September 9, 2006. He’s believed to have restructured and significantly improved the accounting system at SOCAR.

Rza Nuriev

Managing Director and Partner, Head of Central Asian and Caspian region BCG

Kuvandik Sanakulov

General director Navoi mining and metallurgical combinat

Dmitriy Volvach

Deputy Minister of Economic Development Russian Federation

Laszlo Wolf

Deputy CEO OTP Bank

He graduated from the Karl Marx University of Economic Sciences in 1983. After graduation, he worked at the Bank Relations Department of the National Bank of Hungary for 8 years, and then served as head of Treasury at BNP-KH-Dresdner Bank between 1991 and 1993.
From April 1993 he was managing director of OTP Bank’s Treasury Directorate, and since 1994 he has been Deputy CEO of the Commercial Banking Division. Member of DSK Bank’s Supervisory Board.

He has been Chairman of the Board of Directors of OTP banka Srbija since 10 December 2010.
He has been a member of OTP Bank’s Board of Directors since 15 April 2016.

As of 31 December 2020 he held 571,925 ordinary OTP shares.

Ryan Chilcote

Award winning Correspondent, Bloomberg Television and CNN alumnus

Ryan Chilcote is an award-winning broadcaster, presenter, and journalist who divides his time between reporting, video production, documentaries, and consulting. Prior to setting up his own production company, Ryan served as a business correspondent and presenter at Bloomberg Television and a CNN International Correspondent.

Chilcote is also one of the world’s best-known MCs and moderators and has lead dozens of discussions on TV & on-line, at the New York Stock Exchange, the World Economic Forum in Davos, Switzerland, Kazakhstan Energy Week in Astana and nearly everywhere in between. Thanks to a quarter-century of reporting that has spanned general and business news, Chilcote is at home moderating a conversation with Russian President Vladimir Putin as he is leading a gathering of the C-suite – always ensuring thoughtful and provocative discussions.

Recently, Chilcote has been focused on some of the world’s biggest business, economic and political stories including but not limited to: the pandemic and economic fallout, Brexit, the G20, G7/8, global trade, NATO, the sanctions regimes imposed on Russia and Iran, the European debt crisis, climate change, OPEC and the oil market, energy companies, financial service and fintech, cyber security, technology, and the automotive sector.

Over his 25 years in journalism, Ryan has filed hundreds of reports and conducted more than a thousand interviews. Chilcote served as a roving international correspondent and presenter at Bloomberg Television between 2007 and 2016 covering Europe, the Middle East, and Africa. Chilcote also presented Ryan’s Russia, the award-winning year-long tele-series on life in the world’s largest countries and has produced a dozen documentaries. Prior to moving to London to join Bloomberg Television, Chilcote spent 12 years based in Moscow as a CNN International Correspondent, covering Russia, the former Soviet Union, the wars in Iraq and Afghanistan as well as the crisis in Darfur and road to peace in South Sudan. Chilcote’s broadcast work has earned him an Emmy nomination and numerous awards.

Piers Cumberlege

Chairman, Straightview Intl., Executive Faculty, HEC Paris & Doha.

Piers has worked with MNCs, PE, governments and NGOs across Asia, Europe, Africa, and North America.  He advises the UN SDG Lab in Geneva, is a Director of South Pole Group, and lectures at HEC Paris.

Emerging markets sustainability and impact investor, managed funds in Russia and Africa, Advisory Council of FinDev Canada, Investment Cttee of Engineers Without Borders, 10 yrs chair Investment Cttee of CARE Canada.

MA Oxford, Certified Corporate Director Canada. Queen Elizabeth II Diamond Jubilee Medal for services to development.

Alkis Drakinos

Associate Director, Head EBRD in Uzbekistan

Alkis graduated from Athens University, BA Economics in 1985, Pantion University, Athens, MSc Regional Development in 1988, Manchester Business School, MBA. Before joining EBRD in 1993 he worked at the National Bank of Greece. From 2000 through 2012 Alkis worked as Senior Manager, Corporate Finance at KPMG Consultants SA,  as International Transaction Officer at European Union, as Principal Manager at Black Sea Trade and Development Bank and a Head of New Markets at Eurobank EFG (Athens). Since he rejoined EBRD in 2012 he has worked as Head of Office of Turkmenistan,  Deputy Director for Greece, Associate Director, and appointed as Head of Uzbekistan since October 2017.

Wiebke Schloemer

Director for Europe and Central Asia International Finance Corporation (IFC)

Ms. Schloemer has over 20 years of experience in project and corporate finance, and in private equity across a wide range of industries, including energy, transport, utilities, telecoms and technology sectors. Prior to her appointment, she led IFC’s infrastructure investments across Eastern Europe, the Middle East and North Africa, managing investments of over $5.5 billion.

She leads a team of 420 professionals responsible for over $3 billion of new investments annually, with specific focus on providing private sector solutions to client countries’ most pressing needs, including improving infrastructure, increasing effectiveness of agribusiness, supporting climate-friendly innovations in manufacturing, and strengthening local capital markets.

Tatyana Proskuryakova

Regional Director for the Central Asia World Bank

Tatiana Proskuryakova is the World Bank’s Regional Director for the Central Asia region that encompasses five countries: Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan.

Prior to this appointment, she served as the Country Manager for Romania and Hungary during 2017-2021, Country Manager in Bosnia and Herzegovina, and Montenegro based in Sarajevo since 2015, Country Manager in North Macedonia during 2013-14, and Country Operations Adviser for Argentina, Paraguay and Uruguay during 2010-13.

Ms. Proskuryakova joined the World Bank in 1992 and throughout her career she has held various positions both in headquarters and in field offices, including in operations (in Europe and Central Asia Region and in Latin America and the Caribbean Region), portfolio management (in Latin America Department of Development Effectiveness), and corporate strategy (in Operational Policy and Country Services Vice Presidency). From 2003-2007, Ms. Proskuryakova was Senior Advisor representing the Russian Federation at the World Bank’s Board of Executive Directors.

Ms. Proskuryakova holds an M.Sc. in Economics/Political Economy from the Moscow State University, Russia, and an M. Phil. in Economics from the University of Oxford, UK. Ms. Proskuryakova is married and has two sons.

Jacopo Dettoni

Editor at fDi Intelligence FT

Jacopo Dettoni is the editor of fDi Magazine, a specialist publication from the Financial Times, where he leads the title’s multi-media editorial coverage and strategic development.

Mr Dettoni is a regular speaker and moderator at events discussing the perks and perils of global trade and investment.

Prior to joining fDi, he lived and reported in Europe, Asia and Latin America, covering some of the world’s fastest growing economies.

He holds a master’s degree in Economics and Finance from the Catholic University of Milan, Italy, where he focused on trade policies and economic welfare.

Charlotte Kan

International Business Journalist

Charlotte Kan is an international journalist with more than 20 years of experience reporting on economics, finance, tech, digital disruption and lifestyle. A broadcast & print journalist, she has worked for Bloomberg TV, Euronews, Reuters, Standard & Poor’s, M6 and RTL-TVI. Throughout her career, she has conducted thousands of interviews with CEOs, executives, entrepreneurs, politicians, scientists, and other VIPs.

Cindy Malvicini

Country Director, Uzbekistan Resident Mission Asian Development Bank

Ms. Malvicini is a national of the United States of America. She holds master’s degrees in Agriculture (water resources management) and Intercultural Studies from Cornell University and Wheaton Graduate School, both in the USA. She has nearly 29 years of professional work experience, including 16 years in ADB. She joined ADB in 2005 and has held numerous lead positions in operations and communications. Since 2017, she leads ADB operations in Uzbekistan and supervises the development and implementation of the bank’s 3-year rolling projects pipeline and 5-year country partnership strategies.

Vinayak Nagaraj

Senior Country Economist World Bank Uzbekistan

Vinayak (Vinny) Nagaraj is a Senior Country Economist covering Uzbekistan for the World Bank, where he leads the Bank’s overall structural reform advisory work in Uzbekistan. 

Before joining the World Bank in 2018, he was the chief development economist to the Government of New Zealand, based in the New Zealand Ministry of Foreign Affairs and Trade. He managed New Zealand’s overseas aid investments and policy dialogue with governments in the areas of economic policy and institutional reform, governance, and trade. Between 2011 and 2013, he worked for the New Zealand Treasury, where he led the establishment of New Zealand’s macroprudential policy framework and served as a fiscal policy adviser to the Government. 

Between 2007 and 2010, he worked as an Overseas Development Institute (ODI) Fellow with the (Central) Bank of Guyana as a Balance of Payments adviser, and with the Zambian Ministry of Finance and National Planning as the head of the Macroeconomic Policy Unit and an adviser in the office of the Minister of Finance. 

He has served as New Zealand’s lead negotiator on the United Nations Addis Ababa (Financing for Development) Action Agenda, New Zealand’s deputy representative on the G20 Development Working Group in 2014, and as a member of the Financial Stability Board’s Remittances Task Force between 2017-2018. 

He holds a Master’s degree in Economics from the London School of Economics, and a Bachelor’s degree in Economics from Loyola College in India.

Davit Babasyan

Senior Financial Sector Specialist World Bank

Senior Financial Sector Specialist at World Bank Group with 11 years of experience in both private and public sectors, with deep expertise in prudential policymaking, supervision of banks and credit organizations, financial analysis, and risk management, and strong background in economics and finance.

Alisher Djumanov

Managing Partner Bukhara Wealth

Alisher has over 25 years of international experience in advisory, investment banking, venture capital, private equity and investment management. He is Managing Partner of Bukhara Wealth, a Central Asia-based family office investment management firm focused on global investments across various asset classes. His work experience include investment banking and advisory roles at Credit Suisse, Renaissance Capital, Booz Allen Hamilton and Ernst & Young. Alisher founded award-winning investment banks in several developing countries.  He advised governments, state-owned enterprises, sovereign wealth funds, multinational corporates on foreign direct investments across emerging and frontier markets in Eurasia. Media appearances on Bloomberg, CNBC, BBC, Al Jazeera, Reuters, Dow Jones, Channel NewsAsia as well as AP, Financial Times, Foreign Policy, Euromoney, Global Finance, Institutional Investor.  Alisher graduated from Tashkent State Institute of Oriental Studies, received his Master of International Affairs from Columbia University and an MBA from Oxford University. 

Ministry of Economic Development - Republic of Uzbekistan

Host

Ministry of Finance of the Republic of Uzbekistan

Host

Asian Development Bank

General Partner

Building an Asia and Pacific region that is vibrant and sustainable.

ADB’s vision is to achieve a prosperous, inclusive, resilient, and sustainable Asia and Pacific, while sustaining its efforts to eradicate extreme poverty.

Despite the region’s many successes, 1 in 3 people still live under $3.20 a day – that’s 1.24 billion people. ADB will continue to prioritize the region’s poorest and most vulnerable countries.

Established in 1966, ADB is owned by 68 members, including 48 from the region. Its main instruments for helping its developing member countries are policy dialogue, loans, equity investments, guarantees, grants, and technical assistance.

https://www.linkedin.com/compa…

World Bank Group

General Partner

Financial Times

Media Partner

Euromoney Institutional Investor PLC

Media Partner

Euromoney Institutional Investor PLC is a leading global business-to-business publishing, events and information company specializing in the banking, insurance, finance, investment, legal and commodities industries. Headquartered in London, the company has over 30 offices worldwide including New York, Montreal, Hong Kong and Shanghai.
Euromoney magazine, the leading monthly global banking and finance publication, is the flagship title of the group, which was founded in 1969. Today, the company publishes more than 50 different specialist publications, including GlobalCapital, the world’s leading capital markets newspaper, GlobalMarkets, the official publication of the world’s development bank annual meetings, Asiamoney (Hong Kong), Institutional Investor, Metal Bulletin and others.
Euromoney Institutional Investor is listed in London on the FTSE 250 share index.

Global Markets

Media Partner

The GlobalMarkets newspaper is the paper of record for the world’s leading development bank annual meetings, such as the IMF / World Bank, European Bank for Reconstruction and Development, Asian Development Bank, Inter-American Development Bank, and Asian Infrastructure Investment Bank. For the past 30 years, 15,000 copies of this publication have been distributed to all delegates during the annual meetings on a daily basis.
The readers of GlobalMarkets include the leading professionals in the world of business and finance: institutional investors, investment bankers, economists, asset managers, central bank governors and ministers of finance, senior executives of stock exchanges and regulators, as well as the CEOs, CFOs and treasurers of some of the world’s largest companies.
Publication topics
Country-focused Investment Reports • Banking • Capital Markets • Investments • Emerging Markets • Business Services • Forex Market • Private Banking • Fintech and e-commerce • Corporate Social Responsibility • Analytics •
We actively cooperate with the governments of many countries, telling our readers about broad investment opportunities, success stories and interesting projects in various countries. In 2017-2021 together with the governments of Bosnia & Herzegovina, Egypt, Germany, Italy, Kazakhstan, Pakistan, Qatar, Sri Lanka, Suriname, UK, Uzbekistan and Vietnam we published special investment reports for these countries.

Here is the link to a special edition of Global Markets “Uzbekistan: Focus on Capital Markets and Sustainable Development”.

https://edition.pagesuite.com/… 

Thirty Three Communications

Advisor

Thirty Three Communications is a boutique strategic communications firm with global reach.

Navoi Mining and Metallurgical Company

Gold Partner

Navoi Mining and Metallurgical Company (NMMC) is one of the ten leading world companies producing gold and is the largest mining enterprise in Uzbekistan, which has mastered the full production cycle from geological exploration of reserves in the subsoil, mining and processing of ore to obtaining finished products.

NMMC takes the 3rd place in the world by volume of raw materials among world gold producers. The mark “999.9” on the gold bars of NMMC has become the brand of Uzbekistan on the world exchanges of precious metals.

Over the years of independence of the Republic of Uzbekistan NMMC increased rock mass excavation volume 5 times, ore processing volume 3 times, production volume 2 times, the number employees almost 2 times. In 2020, the cost of the products manufactured by NMMC was in foreign equivalent $ 4.9 billion, which is about 10% of GDP.

http://www.ngmk.uz/en 

Almalyk Mining and Metallurgical Plant

Gold Partner

The JSC “Almalyk MMC” (Complex) is one of the largest mining and metallurgical enterprises in the Republic of Uzbekistan. At present, the state’s share in the authorized capital of the complex is 98.63%. The complex production capacities are based on the reserves of a set of copper-porphyry, lead-zinc and gold-silver deposits in the territory of Tashkent, Jizzakh, Namangan and Surkhandarya regions in the Republic of Uzbekistan.

In total, the Complex employs 38 831 workers. Complex is a large industrial facility with the maximum annual production achieved: copper cathode – 148.4 thousand tons, gold – 17.1 tons, silver – 196.7 tons, metallic zinc – 90.2 thousand tons, portland cement – 2,1 million tons and sulfuric acid – 771.8 thousand tons.

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National Bank of Uzbekistan

Gold Partner

National Bank of Uzbekistan was established in 1991 mainly to finance foreign economic activities of corporate sector. Largest financial institution by assets in the Country. Financial services include lending to large investment projects, retail crediting, active support of SMEs through advisory and innovative products.

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Sanoat Qurilish Bank

Gold Partner

With almost century long history, SQB is being actively involved in the development of the country, by financing the building of industrial factories, machinery plants and even in the construction of the cities. Today, in fact, being as the oldest bank in Uzbekistan, SQB is playing the role model for the banking sector of the country. Among state-owned banks, SQB is considered as the second largest bank by its assets (52.2 trillion UZS) and a second-runner by the market concentration. Recently, in 2019, bank was able raise its long-term credit ratings from «B+» to «BB-» by Standard & Poor’s and Fitch Ratings.

Bank operates all over the country and provides services more than one and half million clients, including 1 465 920 active retail clients, 67 501 active SME clients and 2 490 active corporate clients. Bank preserves more than 195 branches and services centers. In addition, bank corresponds with more than 350 banks – correspondents including 338 foreign banks in 58 countries.

SQB has historically focused on financing the national champions in key strategic sectors of the economy such as oil and gas, energy, chemical and metallurgical industries.

In 2018-2020, the Bank became the best partner bank in Uzbekistan within the framework of Asian Development Bank’s Trade Finance Program.

Strategic goal of the bank – is to transform into a competitive, client-oriented bank, operating in accordance with market mechanisms, attractive to investors and clients.

USD 300 mln – The first corporate issue of Eurobonds on the London Stock Exchange in November 2019.

SQB is pioneer in Green Banking – Increase investment and credit support for the development of “green” industries.

Ipoteka Bank

Gold Partner

https://www.ipotekabank.uz/en/

UzAuto Motors

Gold Partner

A holding company oversseing the production of light vehicles and trucks of various brands, such as Chevrolet, Ravon, Isuzu and MAN.

Currently, there are over 85 enterprises operating in the industry, which are part of the company, as well as cooperation with more than 200 foreign enterprises and organizations. Today “Uzavtosanoat” JSC represents more than 26 thousand jobs.

Uzbek Metallurgical Plant

Gold Partner

Uzmetkombinat JSC is the largest company specialised in ferrous metal.

Uzmetkombinat JSC was established by transforming the ownership right of the state enterprise according to the Decree of the Cabinet of Ministers of the Republic of Uzbekistan No.159 dd. March 24, 1994.

The subject of the main activity of JSC “Uzmetkombinat” is as follows:

· procurement and processing of scrap and ferrous metal waste;

· production and sale of long products and other metal products;

· production and sale of enameled cookware and other consumer goods;

· production and sale of thermal insulation materials based on basalt

The main raw material for rolled products is scrap metal, both domestic and imported, steel billets for the production of milling balls and hot-bricketed iron (HBI). The Enterprise is the only authorized body for the procurement of scrap and waste of ferrous metals in the territory of the Republic of Uzbekistan.

UZBEKNEFTEGAZ

Gold Partner

Asaka Bank

Silver Partner

Asakabank was established in 1995 and retains leading positions in banking sector of Uzbekistan. State-owned bank has on of the highest capital (6.1 trillion UZS) and assets (34.7 trillion UZS) size. Bank is rated BB- / B1 by Fitch Ratings and Moody’s respectively.

Asakabank’s regional network consist of 22 branches, 19 banking service centers and 6 mini-banks.

Bank services around 52.5 thousand businesses and 2.2 million retail customers annually. There are representatives of various industries and sectors of the economy: automotive, precision engineering and instrumentation, metalworking, mining, energy, construction, cotton processing and textile production, pharmaceuticals, printing, food processing, agriculture, transport, communications, trade, public catering, services and others.

«Asakabank» is an active participant in foreign economic cooperation. It helps attract foreign direct investment for the development of strategic sectors of the domestic economy. Correspondent relations are established with more than 370 leading foreign banks.

The Bank, is currently transforming its business activities to achieve world class corporate governance, provide client-centric and competitive services.

Hududiy Elektr Tarmoqlari (Regional Electric Power Networks)

Silver Partner

JSC “Regional Electrical Power Networks” was established in 2019. Company supervises the enterprises of regional electric power grids who are distributing and selling electric power to consumers.

 

The structure of JSC Regional Electric Networks includes 16 enterprises, including 14 enterprises territorial (regional) electric networks operating electric networks of 0.4-6-10-35-110 kV, as well as new construction, reconstruction, overhauls and current repairs as part of their development.

On the part of 14 enterprises of regional electric power networks and 209 district and city power supply enterprises, electric power is transferred to 1 652 substations with voltage of 110-35 kV, then 82 591 transformer points and through electric transmission lines with a length of 252 269 thousand km are supplied with domestic and legal consumers of the Republic of Uzbekistan.

IES - Thermal Power Stations

Silver Partner

JSC “Thermal Power Stations” was established by the Decree of the President of the Republic of Uzbekistan dated 27.03.2019 No PP-4249 and the State Assets Management Agency (Agency) dated 26.04.2019 No 1.

The company has 12 enterprises, including 6 thermal power plants, 3 thermal power centers, and 3 contractors (JSC-10, UK-1, LLC-1).

The role of Thermal Power Plants (TPP) TPP is entrusted with the carrying out the management of thermal power plants and electricity generating stations, which produce electric and thermal power

JSC “Thermal Power Plants” electricity manufacturing capacity for January- July, 2021 was 34530.95 million kWh of electricity generation with high amount of progressive production.

JSC “TPP” has invested a total of 5 large investments in 2021 for the construction of new energy facilities, modernization and reconstruction of existing ones, including with the participation of foreign financing institutions totaling $ 2,067.12 million. It is planned to implement projects and use 107.84 million US dollars from all sources of financing.

JSC “Thermal Power Plants” is currently transforming it’s all plants into modernization and digitalization system with the purpose of energy production improvement, increase profitable accomplishments by modern incentives which project to do these activities is agreed and approved by the company of McKinsey and Company. JSC Thermal Power Plants has been initiating its transformation incentives assigned to build power station automation system in order to make digital, financial, cooperative, social achievements.

National Electric Grid of Uzbekistan

Silver Partner

The main activities of the company are the operation and development of the main electric networks of the Republic of Uzbekistan, the supply of electricity through the main electric networks and the implementation of interstate transit, cooperation with electric power systems of neighboring states.

UZEX - Uzbek Commodity Exchange

Silver Partner

https://uzex.uz/

Uzkimyosanoat - Uzbekistan Chemical Industry

Silver Partner

Central Securities Depository

Bronze Partner

State Enterprise “The Central Securities Depository” was established in 1999. The Central Securities Depository holds membership of the Asia-Pacific Central Securities Depository Group and the Association of Eurasian Central Securities Depositories.

The Central Securities Depository being one of the leading institutions of the equity market provides its clients with about 30 types of depository and related services.

Republican Stock Exchange "Toshkent"

Bronze Partner

https://www.uzse.uz/?locale=en

UZCE - Uzbek Republican Currency Exchange

Bronze Partner

https://www.uzrvb.uz/en

"Gazprombank" JSC

Global Partner

One of the leading banks of Russia

Societe Generale

Global Partner

Building together, with our clients, a better and sustainable future through responsible and innovative financial solutions”

https://www.linkedin.com/compa…

 

Mirjana Spoljaric Egger

Director of the Regional Bureau UNDP

Uzbekistan Economic Forum

Uzbekistan is aiming at increasing GDP per capita by 1.6 times next 5 years, with a goal of getting into upper middle income group by 2030. This goal requires leapfrogging in certain sectors, resulting in jump start growth. On the other hand, maintaining macroeconomic stability is a key condition. Reform directions to create conditions for business and investment climate improvement: as such energy supply and energy efficiency, transformation and privatization, land and urbanization, agriculture sector reforms (choice of farmers, stimulate R&D, new and modern technologies), capital markets development, transport and logistics services liberalization, trade liberalization, opening new markets and access to integrations, human capital development (education, health, poverty reduction), development of digital economy, bringing knowledge and science in every aspect (AI, IT), improve labor factor productivity and to apply green economy principles to every aspect of socio-economic situation (green finance, water, energy, land efficiency, agriculture, industry). How to make these ambitious targets viable in pandemic era? How sustainability can be attained? How to tackle the issues of climate change, jobs and poverty?