The Direction générale du Trésor (DG Trésor,
English
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: ''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
The Government of France ( French: ''Gouvernement français''), officially the Government of the French Republic (''Gouvernement de la République française'' ), exercises executive power in France. It is composed of the Prime Minister, who ...
on matters ranging from domestic to international economic policy. Its main offices are located in Paris, in the building of
Bercy
Bercy () is a neighbourhood in the 12th arrondissement of Paris, the city's 47th administrative neighbourhood.
History
Some of the oldest vestiges of human occupation in Paris were found on the territory of Bercy, dating from the late Neolithic ...
. 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
The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Grou ...
,
OECD
The Organisation for Economic Co-operation and Development (OECD; french: Organisation de coopération et de développement économiques, ''OCDE'') is an intergovernmental organisation with 38 member countries, founded in 1961 to stimulate e ...
,
WTO
The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade. With effective cooperation
in the United Nations System, governments use the organization to establish, revise, and e ...
,
G20
The G20 or Group of Twenty is an intergovernmental forum comprising 19 countries and the European Union (EU). It works to address major issues related to the global economy, such as international financial stability, climate change mitigation, ...
,
G7, specific comities of the
European Commission
The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body o ...
, etc.).
The Direction générale du Trésor should not be confused with the
Trésor public
The Trésor public ( en, Public treasury) is the national administration of the Treasury in France. It is headed by the general directorate of public finances (''Direction générale des finances publiques'') in the Ministry of the Economy, Financ ...
, a national administration responsible for France's
governmental accounting.
Responsibilities
The Direction générale du Trésor is tasked with
* 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
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. Additionally, the French Treasury provides the chief economist of the ministry,
Agnès Bénassy-Quéré since June 2020.
The Directorate General is composed of five departments and one secretariat general:
* 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.
Its staff is composed mostly of agents from the French Treasury.
References
{{reflist
Government agencies of France
Economy ministries