The livret A must be understood as precautionary savings and not as an investment.

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iStock / City Presse

To support “sustainable development” and economic recovery, savings placed on regulated investments, primarily the Livret A, can be used for purposes other than its current destinations - mainly HLM and local communities, a the government announced this Thursday.

Of the 85.6 billion euros in savings accumulated between January and July by French households, more than 30 billion were placed in regulated savings accounts, underline in a joint press release the Ministry of the Economy and Finances and the Caisse des Dépôts (CDC), the financial arm of the State.

Priority ecological transition, health and tourism

These investments, managed by the CDC, include the Livret A, the livret de développement durable et solidaire (LDDS) and the popular savings account (LEP).

They have historically been used to finance social landlords and communities.

The institution, via regulated savings, can thus offer very long loan terms ranging from 60 years for loans to local communities to 80 years for social housing loans.

Given the financing needs necessary for economic recovery, "the government has given its agreement to the Caisse des Dépôts to change the conditions of loans granted from regulated savings accounts", it is specified.

These loans can finance priority projects within the framework of the ecological and energy transition (TEE), health or even tourism.

They "will also support the projects of elected officials in terms of clean transport, the production of renewable energy or the energy renovation of public buildings such as schools".

“More attractive” pricing

From now on, the loans granted by the Caisse des Dépôts will be open to new entities such as "water agencies, large foundations and associations recognized as being of public utility which carry out projects linked to ecological and energy transition or sea ports. ".

Another development, the part of the financing need could represent the entire loan for projects related to the EEO.

Their pricing will also be "more attractive", it is mentioned.

As of September 20, the Banque des Territoires, a CDC structure, will have a budget of around 12 billion euros in loans to local authorities to finance their projects by 2022.

"These developments (…) will be used for all territories since the conditions offered do not vary depending on the borrower, the territory concerned, the duration of the loan or the amounts requested", remind the ministry and the CDC.

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