TAC ECONOMICS is a fully independent European research group providing advisory services on macroeconomics, country risk analyses, international economic and financial issues for industrial companies, financial investors and multilateral organizations. Since the 1990's, TAC has established a very strong reputation for being able to understand the key economic issues pertaining to developing countries and to deliver operational results to its private sector customers as well as to multilateral institutions. This reputation has been built on praised economic and financial expertise and the ability to design and calibrate powerful quantitative instruments and models.