Welcome to the Caisse d’Amortissement de la Dette Sociale (CADES) website.
2020 was marked by two crises: a health crisis linked to the Covid-19 epidemic followed by an economic crisis with the resulting very strong recession. These crises weighed heavily on France's social finances, making it necessary for French Parliament to vote in July for CADES to take over 136 billion euros in social debt, and to extend our lifespan to 2033, in order to secure the financial situation of our social security system and thus guarantee its operational continuity.
This key role which has been entrusted to us, and which will help to contribute to the absorption of the consequences of these crises, is based on the efficiency of our funding mechanisms which have enabled CADES, to amortize every year the social debt since its inception.
In 2021, with 40 billion additional debt assumed as part of the resumption carried out this year, we will remain very active on the financial markets.
We are ready, with the confidence that investors place in us, to fulfill the mission entrusted to us by French Parliament and to achieve the objectives that have been set.
I invite you to watch the video below in which I go over the details of these laws and our upcoming funding programs.
