US EditionSpain to Launch Sovereign Wealth Fund to Extend Stimulus ...
32 Articles
32 Articles
The vehicle, announced yesterday by President Pedro Sánchez, will have 10.5 billion euros coming from Europe. The Executive believes that only the ICO will mobilize 60 billion directly and that the private sector will put the other half to reach the 120,000 million investment announced, without date to achieve this Read
Sánchez unveils €120 Billion mega fund to transform Spain
Spain’s Prime Minister Pedro Sánchez has announced the creation of a sovereign wealth fund, España Crece, designed to mobilise up to €120 billion in investment across strategic sectors of the Spanish economy. The fund was unveiled during the closing session of the Spain Investors Day forum, where Sánchez outlined its objectives, structure and priorities. The initiative is part of a broader… Source
The president of the government, Pedro Sánchez, announced this Thursday the creation of a sovereign fund that will have the objective of mobilizing 120 billion euros. Thus, the executive will have ammunition to continue to take control of private companies, in line with the nationalizing and interventionist policy that has carried out so far. Under the name ‘Spain Grows’, this fund will be endowed with a base of 10.5 billion euros of the Recover…
It states that the objective is to mobilize 120 billion euros of national and international investment. The world's largest sovereign fund, the North...
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