Nadia Calviño facts for kids
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Nadia Calviño
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Official portrait, 2023
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| President of the European Investment Bank | |
| Assumed office 1 January 2024 |
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| Preceded by | Werner Hoyer |
| First Deputy Prime Minister of Spain | |
| In office 12 July 2021 – 29 December 2023 Serving with Yolanda Díaz, Teresa Ribera and María Jesús Montero
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| Monarch | Felipe VI |
| Prime Minister | Pedro Sánchez |
| Preceded by | Carmen Calvo |
| Succeeded by | María Jesús Montero |
| Chair of the International Monetary and Financial Committee | |
| In office 3 January 2022 – 4 January 2024 |
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| Managing Director | Kristalina Georgieva |
| Preceded by | Magdalena Andersson |
| Succeeded by | Mohammed Al-Jadaan |
| Second Deputy Prime Minister of Spain | |
| In office 31 March 2021 – 12 July 2021 |
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| Monarch | Felipe VI |
| Prime Minister | Pedro Sánchez |
| Preceded by | Pablo Iglesias Turrión |
| Succeeded by | Yolanda Díaz |
| Third Deputy Prime Minister of Spain | |
| In office 13 January 2020 – 31 March 2021 |
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| Monarch | Felipe VI |
| Prime Minister | Pedro Sánchez |
| Preceded by | Manuel Chaves |
| Succeeded by | Yolanda Díaz |
| Minister of Economy of Spain | |
| In office 7 June 2018 – 29 December 2023 |
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| Prime Minister | Pedro Sánchez |
| Preceded by | Román Escolano |
| Succeeded by | Carlos Cuerpo (Economy, Trade and Business) José Luis Escrivá (Digital Transformation) |
| Director-General of the European Commission for Budget | |
| In office 5 May 2014 – 7 June 2018 |
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| Preceded by | Hervé Jouanjean |
| Succeeded by | Silvano Presa |
| Personal details | |
| Born | 3 October 1968 A Coruña, Spain |
| Political party | Independent |
| Spouse | Ignacio Manrique de Lara |
| Children | 4 |
| Education | Complutense University (BA Economics) National University of Distance Education (BA Law) |
Nadia María Calviño Santamaría (born 3 October 1968) is a Spanish economist and government expert who became the President of the European Investment Bank in January 2024. The European Investment Bank is a major bank that lends money for projects across the European Union.
Before this role, Calviño was a very important figure in the Spanish government. From 2018 to 2023, she served as the Minister of Economy under Prime Minister Pedro Sánchez. She also held the powerful position of Deputy Prime Minister, eventually becoming the First Deputy Prime Minister.
Calviño began her career working for Spain's Ministry of Economy. In 2006, she moved to a job at the European Commission, which is the main executive body of the European Union. There, she held several high-level positions before returning to Spanish politics in 2018.
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Early Life and Education
Nadia Calviño was born in A Coruña, a city in the Galicia region of Spain, on October 3, 1968. Her father, José María Calviño, was once the head of Spain's public radio and television service, RTVE.
She was a dedicated student and earned two university degrees. In 1991, she graduated with a degree in economics from the Complutense University of Madrid. Ten years later, in 2001, she earned another degree in law from the National University of Distance Education (UNED).
Career Journey
Calviño is a member of a special group of government experts in Spain called the Senior Corps of State Economists and Trade Advisors. Before working for the European Union, she was the director of Spain's national agency that makes sure businesses compete fairly.
Working for the European Commission
After working for over ten years in the Spanish government, Calviño moved to the European Commission in 2006. The Commission helps run the European Union. She held important jobs there, including Deputy Director-General for competition, the internal market, and financial services.
From 2014 to 2018, she was the Director-General for Budget. In this role, she was in charge of the European Union's entire budget, working with European Commissioner Günther Oettinger. She also taught as a professor at the Complutense University.
Minister in the Spanish Government
In June 2018, Spain's new Prime Minister, Pedro Sánchez, asked Calviño to become the Minister of Economy and Business. She accepted the job and officially took office on June 7, 2018.
In 2019, when the International Monetary Fund (IMF) needed a new leader, Calviño was considered for the job. After the first round of voting among European countries, she withdrew her name, and the position went to Kristalina Georgieva.
Becoming Deputy Prime Minister
In January 2020, Calviño was promoted to Third Deputy Prime Minister and her ministry was renamed to include Digital Transformation. This meant she was also in charge of improving technology and artificial intelligence in Spain.
She continued to rise in the government. In March 2021, she became the Second Deputy Prime Minister. Just a few months later, in July 2021, she was promoted again to First Deputy Prime Minister, making her one of the most powerful people in the Spanish government.
Handling the COVID-19 Economy
In early 2020, the COVID-19 pandemic created a major economic crisis. Calviño announced a huge €200 billion plan to help the Spanish economy. This plan included loans and financial protection for small businesses, self-employed workers, and large companies to help them survive the crisis.
She also worked with other European leaders on a recovery plan for the whole continent. She suggested a €1.5 trillion recovery fund that would be paid for with special long-term loans issued by the EU.
Running for Eurogroup President
In June 2020, Calviño was nominated to become the next president of the Eurogroup. The Eurogroup is an important meeting of finance ministers from countries that use the euro currency. She received support from major European leaders, including Germany's Chancellor Angela Merkel and the prime ministers of Portugal and Italy.
The vote was held on July 9, 2020. It was a very close race. In the end, Paschal Donohoe of Ireland won the election by a narrow margin of 10 votes to 9.
Major Bank Merger
In September 2020, two large Spanish banks, Bankia and CaixaBank, announced they were planning to merge. This would create the largest bank inside Spain. As Minister of Economy, Calviño's approval was needed.
She supported the merger, saying it was necessary to keep the banking system strong and competitive. She also said it was important to protect customers' interests. The merger was approved, and the Spanish government became the second-largest shareholder in the new, larger Caixabank.
President of the European Investment Bank
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In August 2023, the Spanish government nominated Calviño to become the next president of the European Investment Bank (EIB). After getting key support from other countries like Germany, she was officially chosen for the role in December 2023. She started her new job on January 1, 2024.
In March 2024, the leaders of 14 EU countries, including Finland, Germany, and France, wrote a letter to Calviño. They asked the EIB to reconsider its rules and invest more in Europe's defense industry because of the ongoing Russian invasion of Ukraine. In January 2025, Calviño announced that the EIB would provide €2 billion in loans for defense-related projects in 2025. However, some countries continued to ask for even more funding for military projects.
Other Roles and Activities
Throughout her career, Calviño has been a member of the governing boards of many major international organizations, including:
- European Stability Mechanism (ESM)
- International Monetary Fund (IMF)
- World Bank
- Asian Infrastructure Investment Bank (AIIB)
- European Bank for Reconstruction and Development (EBRD)
She is also a member of the Board of Trustees for the Elcano Royal Institute, a Spanish think tank that studies international affairs.
Personal Life
Nadia Calviño is married to Ignacio Manrique de Lara, and they have four children. In her free time, she enjoys watching movies from the 1950s and cooking. She is fluent in five languages: Spanish, Galician, English, French, and German.
See also
In Spanish: Nadia Calviño para niños
