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TAC works for multilateral and bilateral development organizations (European Commission, UNCTAD, ADB, AFD…), involving more than 50 international companies across a wide range of industries from the finance & banking to oil and heavy industry. We aim at building long-term relations based on quality of service, reliability, and mutual trust. Many among our customers have been using our services for more than 10 years.

Customers' Comments

“VINCI has been working for 4 years with TAC ECONOMICS which has become our preferred consultant for assessing country risks and for long term forecast.

We appreciate, in particular, the quality and the originality of their economical modelling and the relevance of their quantitative and qualitative analysis of emerging countries which has been very helpful to secure our developments in these countries.

Therefore I would recommend TAC ECONOMICS to any company having to deal with country risks and needing comprehensive economic outlook.”

Christian Labeyrie, Executive Vice-President and CFO

“For more than 15 years, TAC ECONOMICS has been providing Veolia with country and forex risk premia for emerging markets that we use to calculate our WACC by country in local currency. They have therefore been an essential tool in our decision-making process for capital allocation. The independant analyses and long-term approach of TAC ECONOMICS make it unique, especially compared to rating agencies. Their analyses are very valuable for long-term investors such as Veolia.”

Hubert Sueur, Director of Financial Operations
Veolia Environnement

“We have been working with TAC ECONOMICS for nearly 20 years and we are still astonished by the quality of analysis and financial research provided by Thierry's team. Along the years, TAC ECONOMICS has become one of our top consultant and even a partner when it comes to global scenario and emerging country idiosyncratic risk assessment. As a global investor, TAC ECONOMICS is a genuine source of excellence for our investment products. The rare combination of top economic analysis and state of the art quantitative modelling provides us with quality calls and also improves our confidence. We strongly recommend TAC ECONOMICS to any institution dealing with the complexity of geopolitical, macro and country risk. TAC ECONOMICS is the perfect partner for global active asset management activities.”

Bruno Crastes, CEO
H2O Asset Management, London

“We are extremely satisfied with our collaboration with TAC ECONOMICS since 2003. They offer a very rare combination of the highest quality economic and financial research, in-depth knowledge of developing countries' economic and political situations, and original and sophisticated quantitative modelling. I fully appreciate their independence and integrity and I would recommend them to any institution dealing with country risk.”

Olivier de Boysson, Chief Economist – Emerging Markets
Société Générale

“As a medium-size industrial company in a stage of rapid international expansion, Onduline has been using TAC ECONOMICS' services since early 2007 to have a better understanding and grasp of the risks taken in both investment decisions and management of operations. We strongly appreciate their independence of view and their ability to customize their analyses in such a way that the general management of the company can immediately use their conclusions in operational decisions. Onduline growth relying more and more on emerging countries, TAC ECONOMICS advice have been extremely valuable to ensure the company stakeholders that the company had identified and mitigate the risks in a very volatile environment.”

Antoine Rebois, Group CFO