Discover the team, the missions and the values of Agence France Trésor
TASKS
An autonomous, accountable agency with national scope
AFT is an agency with national scope (SCN) that reports to the Ministry for the Economy, Finance and the Recovery and the Director General of the Treasury. It has the required visibility and resources to carry out its activities, particularly as regards navigating complex financial markets and maintaining close relations with all financial stakeholders.
The fact that AFT reports to the Directorate General of the Treasury at the Ministry for the Economy, Finance and Industrial and Digital Sovereignty means that it has access to the full range of information it needs to carry out its strictly defined tasks, often liaising with other structures at the Ministry, such as the Budget Directorate and the Public Finance Directorate General.
AFT is staffed by civil servants who are fully conversant with the government’s financial procedures, and by market professionals under contract with the government. Staff members serve in operational functions (cash management, market transactions, risk management and post-trade procedures, information technology), analytical functions (modelling, macro-economics and legal), and communication functions.
At the end of 2025, AFT had 47 staff members with 18 women and 28 men, broken down into 21 contract employees and 25 civil servants. AFT is characterised by the diverse educational backgrounds and career paths of its staff. They share the same values as those of the Directorate General of the Treasury, namely commitment, loyalty, openness and team spirit. All staff members adhere to strict commitments with regard to professional ethics.
Managing the State's cash requirements
Agence France Trésor (AFT) manages the State’s cash requirements such as to ensure it can meet all its financial commitments at all times, whatever the circumstances. It manages the Single Treasury Account, which tracks all financial movements initiated by public accountants, i.e. operations relating to the State’s budget, local authorities
and public institutions, in particular.
This task covers the year as a whole, as well as day-to-day developments: the forecasts of collections and disbursements of the State and of Treasury correspondents are constantly updated. In parallel, cash flow transactions on the Single Treasury Account are monitored to meet short-term cash requirements.
Managing the State's debt
AFT is also tasked with managing debt in the taxpayers’ best interest. Its strategy takes a long-term view, while also tracking the market closely. This strategy promotes liquidity across the full range of AFT’s debt securities, while maintaining full transparency and a commitment to combining innovation and security.