Panel discussion on the link between illicit trade and sovereign credit ratings

20 January 2021
9am-10am EST / 3pm-4pm CET
Zoom

Join us for a panel discussion on the relationship between illicit trade, governance and investment.

As Finance Ministers grapple with measures to stimulate growth, boost employment and attract investment into infrastructure and public programs—including provisions for post-pandemic economic recovery—a first order of business should be to plug the fiscal leakages associated with illicit trade.

Correcting regulatory and economic circumstances that enable illicit trade can improve sovereign credit ratings, thereby reducing the cost of borrowing and enabling governments to raise capital in the international financial market, stimulating long term investment and growth.

Panellists:

• Laura Valdivieso, Deputy Minister of Foreign Trade, Colombia
• Janos Bertok, Deputy Director of the OECD Public Governance Directorate
• Patrice Cochelin, Analytical Manager, Sovereign & International Public Finance Ratings, S&P Global
• Jeffrey P. Hardy, Director-General, TRACIT (Moderator)

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The new TRACIT Report The Link Between Illicit Trade and Sovereign Credit Ratings will be launched at the event.​