José Luis Escrivá facts for kids

Quick facts for kids The Most Excellent José Luis Escrivá
Official portrait, 2023
71st Governor of the Bank of Spain
Incumbent
Assumed office 6 September 2024
Preceded by	Pablo Hernández de Cos
Minister for Digital Transformation and Civil Service
In office 21 November 2023 – 6 September 2024
Prime Minister	Pedro Sánchez
Preceded by	Nadia Calviño (Digital Transformation) María Jesús Montero (Civil Service)
Succeeded by	Óscar López Águeda
Minister of Inclusion, Social Security and Migration
In office 13 January 2020 – 21 November 2023
Prime Minister	Pedro Sánchez
Preceded by	Magdalena Valerio (Labour, Migration and Social Security)
Succeeded by	Elma Saiz
Chairman of the Independent Authority for Fiscal Responsibility
In office 22 February 2014 – 13 January 2020
Monarch	Felipe VI
Prime Minister	Mariano Rajoy (2014–2018) Pedro Sánchez (2018–2020)
Preceded by	Office established
Succeeded by	Cristina Herrero
Chairman of the EU Independent Fiscal Institutions Network
In office 24 September 2015 – 7 November 2019
Preceded by	Office established
Succeeded by	Seamus Coffey
Personal details
Born	José Luis Escrivá Belmonte (1960-05-12) 12 May 1960 (age 65) Albacete, Spain
Political party	Independent
Spouse	María del Carmen García de la Osa
Children	2
Alma mater	Complutense University of Madrid
Occupation	Economist • Politician
Awards	Bachelor's Degree Extraordinary Award

José Luis Escrivá Belmonte (born 5 December 1960) is an important Spanish economist and politician. He is currently the governor of the Bank of Spain. This means he helps manage Spain's money and economy.

Before this, he worked as a government minister. He was the Minister for Digital Transformation and Civil Service. He also served as the Minister of Inclusion, Social Security and Migration. Both of these jobs were under Prime Minister Pedro Sánchez.

Mr. Escrivá also held key roles in groups that check how governments spend money. These include Spain's Independent Authority for Fiscal Responsibility (AIReF) and the EU Independent Fiscal Institutions Network. He also worked at the European Central Bank and the Bank for International Settlements.

Who is José Luis Escrivá?

José Luis Escrivá is a well-known figure in Spain's financial world. He has spent many years working with money and government policies. His career shows a strong focus on understanding and improving economies. He has worked in both national and international organizations.

Early Life and Education

José Luis Escrivá was born in Albacete, Spain, on December 5, 1960. When he was 18, he moved to Madrid for college. He studied Economic Sciences at the Complutense University of Madrid. He was even given a special award for his excellent studies. He is married and has two children.

His Career as an Economist

Mr. Escrivá started his career at the Bank of Spain. He held several positions there, learning about how banks work. He also played a big part in the European Union's money plans. Since 1993, he advised on creating a single European currency.

When the European Monetary Union was formed, he moved to Frankfurt. There, he became the Head of the Monetary Policy Division at the European Central Bank. This role involved managing how money moves in Europe. From 2012 to 2014, he worked for the Bank for International Settlements. He was their main representative for the Americas.

Before joining the government, he also worked in the private sector. From 2004 to 2012, he was at the BBVA banking group. He started as their chief economist. Later, he became a managing director for public finance.

Leading Fiscal Oversight Bodies

José Luis Escrivá has led important groups that watch over government spending. These groups help make sure governments manage their money wisely.

What is AIReF?

In 2014, he became the first chairman of the Independent Authority for Fiscal Responsibility (AIReF) in Spain. AIReF was created to check the government's financial accounts. This was a request from the European Union. He stayed in this role until 2020.

Leading European Fiscal Institutions

In 2015, he was chosen to lead the EU Independent Fiscal Institutions Network. This new group helps different European countries share ideas. They work together on financial oversight. He was re-elected in 2017 and finished his term in 2019.

Helping Spain as a Minister

Mr. Escrivá joined the Spanish government as a minister in 2020. He took on important roles to help people and the economy.

Minister of Social Security and Migration

On January 10, 2020, he became the first head of the Ministry of Inclusion, Social Security and Migration. This new department handled Spain's social security system. It also managed government policies on migration and helping people feel included.

He was officially appointed by King Felipe VI. He then explained his plans to the Spanish Parliament. He focused on three main areas:

• Pensions: Making sure the pension system is fair and stable for everyone.
• Inclusion: Creating new policies to reduce inequality and help people in need.
• Migration: Setting up clear rules to support and manage migration.

He aimed to get broad agreement on these important issues.

The Minimum Vital Income

One of his key ideas was to create a minimum vital income. This is a payment to help families who earn very little money. It helps reduce poverty and social exclusion.

During the COVID-19 pandemic, this plan became even more urgent. The government quickly worked to approve it. The minimum income was approved in May 2020. It was designed to help millions of people in Spain. After one year, it was helping over half a million people.

Changes for Self-Employed Workers

Mr. Escrivá also worked on changing social security taxes for self-employed people. These are people who work for themselves, like freelancers. After many discussions, a new system was agreed upon in 2022.

This new system changes how much self-employed workers pay. Those earning less will pay less. Those earning more will pay more. This aims to make the system fairer. It also helps support the Spanish public pension system.

Becoming Governor of the Bank of Spain

In September 2024, José Luis Escrivá took on a new and very important role. He was appointed as the governor of the Bank of Spain. In this position, he is in charge of the country's central bank. This means he helps make big decisions about Spain's money, prices, and financial stability.

Images for kids

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  José Luis Escrivá meeting with the mayor of Madrid, Manuela Carmena, during his time as chairman of AIReF.

See also

In Spanish: José Luis Escrivá para niños