Spain: New Investment Fund from Sánchez - Aim of 120 billion euros, emphasis on housing crisis
Spanish Prime Minister Pedro Sánchez has introduced a new state investment fund named 'España Crece', aimed at mobilizing 120 billion euros, with a significant portion dedicated to addressing the housing crisis.
The Spanish sovereign fund will inject capital for the construction of social rental housing
The Spanish sovereign fund, named España Crece, will provide an additional 2.8 billion euros for the construction of social rental housing, utilizing unused loans from the Recovery Plan.
Sánchez presents the new Spanish sovereign fund at the Dubai Government Summit
Pedro Sánchez will present the new Spanish sovereign fund named 'España Crece' at the World Government Summit in Dubai, which will be managed by the Official Credit Institute (ICO) and has a budget of 10.5 billion euros.