President Pedro Sánchez announced the creation of the Spain Grows sovereign wealth fund, endowed with €10.5 billion from the Recovery Plan’s NextGenerationEU funds. The initiative aims to mobilize €120 billion through private debt and domestic/international investors to sustain reformist efforts beyond 2026. Managed by the Official Credit Institute (ICO), the fund will prioritize sectors like energy, digitalization, AI, reindustrialization, and infrastructure. The announcement was made at the closing of the ‘Spain Investors Day’ forum in Madrid, where Sánchez emphasized extending NextGenerationEU commitments to ensure continuity of energy transformation, digital transition, and economic reforms. Details of the fund will be presented next Monday with Economy Minister Carlos Cuerpo. The fund is positioned as a national sovereignty initiative, replacing NextGenEU’s role while aligning with EU interests.
© Ministry of the Presidency (Spain).
Summary adapted from https://www.lamoncloa.gob.es
https://www.lamoncloa.gob.es/lang/en/presidente/news/Paginas/2026/20260115-spain-investors-day.aspx
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