Direction générale du Trésor

The Direction générale du Trésor (DG Trésor, English: Directorate General of the Treasury, or French Treasury) is the flagship Directorate General of the French Ministry of the Economy and Finance. It holds an advisory role within the French Government on matters ranging from domestic to international economic policy.[1][2][3][4][5] Its main offices are located in Paris, in the building of Bercy. The DG Trésor also represents and defends French economic interests abroad by overseeing the economic departments of embassies (French : service économique), and by providing permanent representations at international organizations (IMF, World Bank Group, OECD, WTO, G20, G7, specific comities of the European Commission, etc.).[6]

The Direction générale du Trésor should not be confused with the Trésor public, a national administration responsible for France's governmental accounting.

Responsibilities

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The Direction générale du Trésor is tasked with[7][8][9][10][11]

  • Monitoring the latest economic, financial and monetary developments;
  • Producing economic forecasts;
  • Formulating and advising the government on national and international economic and financial policy;
  • Representing and defending French economic interests abroad and at international organizations;
  • Managing the French sovereign debt through the Agence France Trésor (AFT).

Organisation

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The DG Trésor falls under the authority of the Minister of the Economy and Finance, Bruno Lemaire since May 2017, and is headed by a Director General, Emmanuel Moulin since November 2020.[12][13][14][15] Additionally, the French Treasury provides the chief economist of the ministry, Agnès Bénassy-Quéré since June 2020.[16][17][18][19]

The Directorate General is composed of five departments and one secretariat general:[20]

  • Macroeconomic Policies and European Affairs Department (SPMAE);
  • Public Policy Department (SPP);
  • Bilateral Affairs and International Business Development Department (SABINE);
  • Financial Sector Department (SFE);
  • Multilateral Affairs, Trade and Development Policies Department (SAMD);
  • Secretariat General.

The Agence France Trésor is an autonomous department of the DG Trésor, created in 2001, tasked with managing French government debt and state participations.[21][22] Its staff is composed mostly of agents from the French Treasury.

References

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  1. ^ "Mille manières d'être heureux au Trésor". Le Monde.fr (in French). 2013-08-27. Retrieved 2021-12-25.
  2. ^ "Le ministère de l'Économie, des Finances et de la Relance". Gouvernement.fr (in French). Retrieved 2021-12-25.
  3. ^ "Our missions | Direction générale du Trésor". www.tresor.economie.gouv.fr. Retrieved 2021-12-25.
  4. ^ Zysman, John (1984). Governments, markets and growth : financial systems and the politics of industrial change. Ithaca. ISBN 978-1-5017-1741-3. OCLC 1037272811.{{cite book}}: CS1 maint: location missing publisher (link)
  5. ^ Andrews, William G. (2015). Fifth Republic at Twenty. Stanley Hoffmann. Albany: State University of New York Press. ISBN 978-0-7914-9495-0. OCLC 923421817.
  6. ^ "Our missions | Direction générale du Trésor". www.tresor.economie.gouv.fr. Retrieved 2021-12-25.
  7. ^ "France backs looser EU debt rules". OMFIF. 2021-03-30. Retrieved 2021-12-25.
  8. ^ Soto, Alonso; Horobin, William (2021-04-20). "Paris Club uses pandemic to reclaim lost influence and bring china to the table". www.bloomberg.com. Bloomberg News. Archived from the original on 2021-04-20. Retrieved 2021-12-25.
  9. ^ "Mille manières d'être heureux au Trésor". Le Monde.fr (in French). 2013-08-27. Retrieved 2021-12-25.
  10. ^ "Décret n°2004-1203 du 15 novembre 2004 portant création d'une direction générale du Trésor au ministère de l'économie, de l'industrie et de l'emploi". www.legifrance.gouv.fr. 2021-03-28. Archived from the original on 2021-02-06. Retrieved 2021-12-25.
  11. ^ "Our missions | Direction générale du Trésor". www.tresor.economie.gouv.fr. Retrieved 2021-12-25.
  12. ^ "La gestion des crises, il connaît : 10 choses à savoir sur Emmanuel Moulin, nouveau directeur du Trésor". L'Obs (in French). 2020-11-13. Retrieved 2021-12-25.
  13. ^ "Emmanuel Moulin, l'homme des crises à la tête du Trésor". Challenges (in French). 2020-10-31. Retrieved 2021-12-25.
  14. ^ "De Rocard à Macron en passant par Sarkozy : Emmanuel Moulin, un " transcourant " à la tête du Trésor". Le Monde.fr (in French). 2020-11-19. Retrieved 2021-12-25.
  15. ^ "Décret du 21 octobre 2020 portant nomination d'un directeur général à l'administration centrale du ministère de l'économie, des finances et de la relance - M. MOULIN (Emmanuel)". www.legifrance.gouv.fr. 2020-10-21. Archived from the original on 2020-11-01. Retrieved 2021-12-25.
  16. ^ "Agnès Bénassy-Quéré, nouvelle chef économiste du Trésor". LEFIGARO (in French). 2020-07-03. Retrieved 2021-12-25.
  17. ^ "Agnès Bénassy-Quéré | Bruegel". Retrieved 2021-12-25.
  18. ^ "Arrêté du 19 mai 2020 portant nomination (administration centrale)". www.legifrance.gouv.fr. 2020-05-21. Archived from the original on 2021-01-16. Retrieved 2021-12-25.
  19. ^ "Our governance | Direction générale du Trésor". www.tresor.economie.gouv.fr. Retrieved 2021-12-25.
  20. ^ "Our departments | Direction générale du Trésor". www.tresor.economie.gouv.fr. Retrieved 2021-12-25.
  21. ^ "Arrêté du 8 février 2001 portant création d'une agence de la dette". www.legifrance.gouv.fr. 2020-01-01. Archived from the original on 2021-05-16. Retrieved 2021-12-25.
  22. ^ "Presentation | Agence France Trésor". www.aft.gouv.fr. Retrieved 2021-12-25.