Amendment No. 1 to the Management Delegation Agreement ECOI2415284X Signed Between the DGFiP and the DGE for the Implementation of the Weak Signals Project
Paris, December 24, 2024 – The French Ministry of Economy and Finance has announced the signing of Amendment No. 1 to the Management Delegation Agreement ECOI2415284X between the Directorate General of Public Finance (DGFiP) and the Directorate General of Enterprises (DGE). This amendment aims to support the implementation of the Weak Signals project, a key initiative in the French government’s efforts to strengthen the country’s economic monitoring and forecasting capabilities.
The Weak Signals Project
The Weak Signals project is designed to enhance the government’s ability to detect and analyze early indicators of economic and financial trends. This will allow policymakers to make more informed decisions and take proactive measures to address potential risks and opportunities. The project involves the collection, analysis, and interpretation of a wide range of data from various sources, including:
- Corporate filings
- Social media trends
- Market sentiment
- Consumer spending patterns
The Role of the DGFiP and the DGE
Under the amended agreement, the DGFiP will be responsible for providing the DGE with access to data from its administrative and accounting databases. This data will be used to identify and monitor weak signals that may indicate future economic trends.
The DGE will be responsible for analyzing the data provided by the DGFiP and developing forecasting models. These models will be used to identify potential risks and opportunities for the French economy and to provide early warnings to policymakers.
Expected Benefits of the Project
The Weak Signals project is expected to provide several benefits, including:
- Improved economic forecasting accuracy
- Earlier detection of emerging risks
- Better targeting of government policies
- Increased transparency and accountability in economic decision-making
Timeline and Implementation
The Weak Signals project is currently in its early stages of implementation. The first phase of the project is expected to be completed by the end of 2025. The project is expected to be fully operational by 2027.
Conclusion
The signing of Amendment No. 1 to the Management Delegation Agreement ECOI2415284X is a significant step forward in the implementation of the Weak Signals project. This project is a key component of the French government’s efforts to strengthen its economic monitoring and forecasting capabilities. By providing early warnings of potential risks and opportunities, the Weak Signals project will help policymakers make more informed decisions and take proactive measures to ensure the long-term prosperity of the French economy.
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