The Diplomat
The President of the Government, Pedro Sánchez, assured yesterday in New York before large North American investment funds that Spain offers “excellent investment opportunities in the post-COVID economic recovery”, especially in “two key pillars”, such as the ecological transition and the digital transformation.
Sánchez concluded yesterday the first day of his working trip to the United States to get the support of large US investors for the Post-COVID-19 Recovery and Resilience Plan and in which no meeting with President Joe Biden has been scheduled.
The day began with a ten-minute interview to the Morning Joe program, one of the flagships of the MSNBC Network (second network in the country), in the course of which the President -who was not asked about his possible meeting with Biden- expressed his satisfaction with the political change in Washington and the tune of the new US Administration with Spain on issues such as multilateralism and climate change. “Unfortunately, understanding with the Trump Administration was very difficult”, he said. “That the US president said that the EU was an enemy for US interests was a big mistake”, added Sánchez, who also participated yesterday in an interview-colloquium organized by Reuters at the headquarters of the Instituto Cervantes in New York and who during his stay in the United States will offer other interviews to CNN in Spanish (in Los Angeles) and Bloomberg Technology (in San Francisco).
Following the MSNBC interview, Pedro Sánchez met with senior executives from leading Manhattan-based banks, investment managers and private equity funds (Ares Management Corporation, Bank of America, Blackstone, Bank of New York Mellon, JP Morgan, Brookfield Asset Management, L Catterton Partners, Lone Star Funds, Morgan Stanley, Providence Equity Partners, Rokos Capital Management, Soros Fund Management, Wellington Management Group and AmChamSpain) to present the investment opportunities offered by the Spanish Recovery, Transformation and Resilience Plan.
During the meeting, held at Spain’s Economic and Commercial Office in New York, Sánchez reported on the green, digital and industrial transformation projects that the Spanish economy will face over the next decade and assured that “the Plan will allow Spain to emerge stronger from the COVID-19 crisis in the short term, and will lay the foundation for strong, sustainable and inclusive growth in the medium term”. “Spain offers excellent investment opportunities in the post-COVID economic recovery”, the chief executive declared via Twitter after the meeting. “Today we have presented to investors and equity funds in #NewYork the advantages of our country, especially in two key pillars: the green transition and the digital transition”, he added.
At noon (local time), the president had a working lunch with Michael Bloomberg, founder of the financial information company Bloomberg L.P. and former mayor of New York, and in the afternoon he met with Larry Fink, CEO of BlackRock, the world’s largest asset management firm. The day concluded with the inauguration, accompanied by the Minister of Industry, Trade and Tourism, Reyes Maroto, of the Spanish Economic and Commercial Office in New York, located in the Chrysler Building.
