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The Bank of Spain presents its projections for the Spanish economy and the Valencian Institute of Finance analyzes the financing needs of Valencian companies at a conference in Alicante

Communication Department

PRESS RELEASE Madrid, 23 March 2023

The Bank of Spain presents its projections for the Spanish economy and the Valencian Institute of Finance analyzes the financing needs of Valencian companies at a conference in Alicante

The Director General of Economics and Statistics of the Bank of Spain, Ángel Gavilán, presented this morning at the institution's headquarters in Alicante the macroeconomic projections of the Spanish economy for the period 2023-2025. Likewise, Ángel Gavilán has analyzed the structural challenge represented by improving the productivity of Spanish companies and the factors that can contribute to achieving it, specifically access to financing.

The conference-colloquium was also attended by the General Director of the Valencian Institute of Finance and President of the Reciprocal Guarantee Society of the Valencian Community, Manuel Illueca, who made a presentation on the importance of commercial credit in the financing of companies in this Autonomous Community and the challenges and problems they face in the current regulatory context.

During their stay in Alicante, the delegation of the Bank of Spain headed by Ángel Gavilán has maintained contacts with representatives of the administration and prominent members of the business, financial and university world of the province.

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For further information: Tel. +34 91 338 5044 / 6097 / 5318 Fax +34 91 338 5203 www. Bde. en Email: comunicacion@bde. is 1

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