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Nadia Calviño
Nadia Calviño 2023 (cropped).jpg
Official portrait, 2023
President of the European Investment Bank
Assumed office
1 January 2024
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
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
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
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
Monarch Felipe VI
Prime Minister Pedro Sánchez
Preceded by Manuel Chaves
Succeeded by Yolanda Díaz
Minister of Economy, Trade and Enterprise
In office
21 November 2023 – 29 December 2023
Prime Minister Pedro Sánchez
Preceded by Herself (Economic Affairs and Digital Transformation)
Succeeded by Carlos Cuerpo
Minister of Economic Affairs and Digital Transformation
In office
13 January 2020 – 21 November 2023
Prime Minister Pedro Sánchez
Preceded by Herself (Economy and Enterprise)
Succeeded by Herself (Economy, Trade and Enterprise)
José Luis Escrivá (Digital Transformation)
Minister of Economy and Enterprise
In office
7 June 2018 – 13 January 2020
Prime Minister Pedro Sánchez
Preceded by Román Escolano
Succeeded by Herself (Economic Affairs and Digital Transformation)
Director-General of the European Commission for Budget
In office
5 May 2014 – 7 June 2018
Preceded by Hervé Jouanjean
Succeeded by Silvano Presa
Personal details
Born (1968-10-03) 3 October 1968 (age 56)
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 an important Spanish economist and government official. She is currently the President of the European Investment Bank, a big bank that helps fund projects across Europe. She started this role in January 2024.

Before that, from 2018 to 2023, Nadia Calviño was a key member of the Spanish government. She served as the Minister of Economy, which means she was in charge of Spain's money and business matters. She also held the important position of Deputy Prime Minister of Spain, moving up from Third, to Second, and finally to First Deputy Prime Minister.

Nadia Calviño began her career working in Spain's Ministry of Economy. In 2006, she moved to the European Commission, which is like the government of the European Union. There, she held several important jobs, including being the Director-General for Budget. This role meant she managed the European Union's money. In 2018, she returned to Spain to join the government.

Early Life and Education

Nadia María Calviño Santamaría was born in A Coruña, Galicia, Spain, on October 3, 1968. Her father, José María Calviño, was a former director of RTVE, Spain's public broadcasting company.

Nadia studied at two different universities. She earned a degree in economics in 1991 from the Complutense University of Madrid. Later, in 2001, she also earned a law degree from the National University of Distance Education (UNED).

Career Highlights

Nadia Calviño is part of a special group of top government economists and trade advisors in Spain. Early in her career, she worked as a general director at the National Competition Commission, which helps make sure businesses compete fairly.

After working for over ten years in the Spanish Ministry of Economy, Nadia moved to the European Commission in 2006. She held several important roles there. These included helping to manage competition rules and working on financial stability for the European Union.

From 2014 to 2018, she was the Director-General for Budget. This meant she was responsible for managing the European Union's budget. She also taught as a professor at the Complutense University.

Minister of Economy of Spain

In June 2018, Nadia Calviño was chosen by Prime Minister Pedro Sánchez to be the Minister of Economy and Business of Spain. She took office on June 7, 2018.

In 2019, when the head of the International Monetary Fund (IMF) resigned, Nadia Calviño was considered as a possible replacement. The IMF is a global organization that helps countries with their money problems. She was a strong candidate, but the position eventually went to someone else.

Deputy Prime Minister

In January 2020, Nadia Calviño became the Third Deputy Prime Minister and Minister of Economic Affairs and Digital Transformation. This meant she was one of the Prime Minister's top helpers, focusing on the economy and new technologies.

She was later promoted to Second Deputy Prime Minister in March 2021. Then, in July 2021, she became the First Deputy Prime Minister. This showed her growing importance in the Spanish government.

AMCESFI meeting 2019 01
Calviño (left) leading a meeting of the Spanish Macroprudential Authority in 2019.

In her new role, Nadia Calviño's responsibilities grew to include new technologies and digital changes. Her department created new positions to focus on things like artificial intelligence.

COVID-19 Response

When the COVID-19 pandemic reached Spain in early 2020, it caused big economic problems. In March, Nadia Calviño announced a huge plan worth 200 billion euros. This plan aimed to help businesses and self-employed people deal with the economic effects of the virus.

She also worked with other European countries to find ways to help their economies. She suggested using a fund that would provide money to countries most affected by the pandemic. This helped unlock 500 billion euros for European states.

Eurogroup Candidacy

Calviño Centeno meeting 2019
Calviño and Eurogroup president, Mário Centeno, meeting in 2019.

In June 2020, there was talk that Nadia Calviño might become the next president of the Eurogroup. The Eurogroup is a meeting of finance ministers from countries that use the euro currency. Spain's Prime Minister supported her for this role.

Many European leaders, including German Chancellor Angela Merkel, publicly supported her. They noted that the Eurogroup had never been led by a woman before. The vote took place on July 9, but she did not win the position.

Bank Mergers

In September 2020, two large Spanish banks, Bankia and Caixabank, announced they were planning to merge. This merger would create the biggest bank in Spain. Nadia Calviño supported this merger, saying it was important for the strength of the banking sector.

She emphasized that such mergers should still protect competition and consumers. The new bank kept the Caixabank name, and the Spanish government became its second-largest shareholder. Nadia Calviño explained that the merger was the best choice for the public good.

Other banks also considered merging around this time. Some, like Unicaja and Liberbank, successfully merged to create the fifth-largest bank in Spain.

IMFC Chair

In December 2021, Nadia Calviño was chosen to be the Chair of the International Monetary and Financial Committee (IMFC). This is a top committee within the International Monetary Fund (IMF). She held this important international role while also serving as a minister in the Spanish government.

President of the European Investment Bank

In August 2023, the Spanish government nominated Nadia Calviño to become the next president of the European Investment Bank (EIB). The EIB is a major bank that provides loans and financial support for projects that help the European Union.

She received strong support from important countries like Germany and Belgium. In early December 2023, the European finance ministers agreed to her candidacy. She officially became the President of the European Investment Bank on January 1, 2024.

Other Activities

Nadia Calviño has also been involved in several other important organizations:

European Union Organizations

  • European Investment Bank (EIB): She was a member of its Board of Governors from 2018 to 2023.
  • European Stability Mechanism (ESM): She was a member of its Board of Governors from 2018 to 2023. The ESM helps countries in the euro area with financial stability.

International Organizations

  • Asian Infrastructure Investment Bank (AIIB): She was a member of its Board of Governors.
  • European Bank for Reconstruction and Development (EBRD): She was a member of its Board of Governors.
  • International Monetary Fund (IMF): She was a member of its Board of Governors.
  • World Bank: She was a member of its Board of Governors.

Non-governmental Organizations

  • Elcano Royal Institute for International and Strategic Studies: She is a member of its Board of Trustees. This institute studies international relations.

Personal Life

Nadia Calviño has four children. She enjoys watching movies from the 1950s and cooking. She is also multilingual, speaking Spanish, Galician, English, French, and German.

Images for kids

See also

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