The Generalitat of Catalonia is preparing to engage in new banking operations as it seeks to move away from reliance on the Spanish government's Liquidity Fund for its financial needs. For nearly fifteen years, the State has been the primary lender for the Generalitat, leaving it with no alternative options during the Eurozone crisis when financial markets were largely inaccessible. Key figures in the Catalan government, including former finance ministers, have found themselves stuck negotiating with state officials for loans.

The current administration is aiming to break free from the constraints imposed by state funding mechanisms, notably the FLA, and is looking to establish direct banking relationships to secure loans under better conditions. While the Generalitat acknowledges the challenges posed by its credit rating and financial health, the government remains optimistic about its ability to negotiate favorable terms with banks. This shift indicates a strategic move to regain financial autonomy and improve Catalonia's fiscal situation.

As the Generalitat prepares for this transition, it awaits approval from the Spanish Congress regarding a debt reduction plan, which could further influence its borrowing conditions. Successfully securing new financing through banks could enable the Generalitat to implement fiscal policies more aligned with its goals, signaling a key moment in the financial strategy of the Catalan government and its ongoing quest for greater autonomy.