Risk, Recovery, and Empowerment

In February 2009, trying to navigate the financial crisis, the government of Kazakhstan took a decisive step in restructuring its three banks. Kazakhstan rejected the bailout strategy and rejected a bad bank/good bank framework. Risk, Recovery, and Empowerment is a qualitative, investigative analysis, told by the author, a finance partitioner who devised and led the implementation of the over $30 billion Burden-Sharing Framework that became an international benchmark and redefined trade finance by introducing the term and analysis of 'true trade finance'. Before creating a tech startup (Blingby) and being awarded U.S. Patents, a Kazakhstan Patent, and Chinese Patents, Marcia-Elizabeth C. Favale (aka Favale-Tarter) had an illustrious career in finance. She was ranked by Institutional Investor Magazine as the "e;Top Analyst for Emerging Market Corporate Bond Research"e; (April 2006). She was the senior advisor to the prime minister of Kazakhstan (2009-2013) and the independent restructuring advisor to BTA Bank and Samruk-Kazyna, with her advisory firm ranked alongside UBS and Lazard as "e;CEE Restructuring Firm"e; by Euromoney Magazine (February 2010), amongst other accolades.