Israel Arroyo will replace Gonzalo García Andrés as head of the Secretary of State for Economy

He Minister council has appointed the new Secretary of State for Economy and Business Support to Israel Arroyo Martínez replacing Gonzalo García Andréswho had been in office for more than two years, since May 2021. Arroyo was Secretary of State for Social Security and Pensions from January 2020 to June 2022, under the orders of the then Minister of Social Security, José Luis Escrivá.

The Ministry of Economy, which has been directing for some Carlos Body, In a statement, he highlights his “proven technical solvency, his deep knowledge of public administration and his dialogue character.” As Secretary of State for Social Security and Pensions, Arroyo led the conversations with the social agents for the agreement on the first part of the pension reform and actively participated in the negotiations of the ERTEs and the labor reform, together with the Ministries of Labor and Social Economy and Economy, Commerce and Business.

Currently, Arroyo was Deputy Director General of Debt at AIReF, an organization to which he returned in mid-2022 after resigning from his position in the Ministry of Social Security “for personal reasons.” He had previously been Deputy Director General of Debt in this organization and Analyst of Social Security Funds in that same institution, in which he coincided with the current Minister of Economy, Carlos Bodywho has appointed him the new Secretary of State, as well as his former ‘boss’, José Luis Escrivá.

He was also Deputy Director General of Budgets, Economic Studies and Statistics, and Deputy Director of Payment Management and Reserve Fund Management at the General Treasury of Social Securityand Head of the Area of ​​Economic Studies and Situation Analysis.

He is an official of the Higher Corps of Actuaries, Statisticians and Economists of Social Security and has a degree in Business Administration and Management and in Sociology from the Complutense University and a Diploma of Advanced Studies in Public Economics (UCM/IEF/UNED).

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The change of Gonzalo García Andrés by Israel Arroyo Martínez It comes days after the former first vice president and Minister of Economy, Nadia Calvinowill take office as president of the EIB on January 1, 2024 and will be replaced by Carlos Cuerpo. García Andrés was appointed Secretary of State for the Economy on May 11, 2021, replacing Ana de la Cueva, who had held the position since June 2018. Graduate in Economic Sciences from the Autonomous University of Madrid, commercial technician and State economist, until his appointment he was managing partner of Economics at International Financial Analysts (AFI) and professor in the Master of Finance at AFI Escuela.

“His work at the head of the Secretary of State has also been key in the definition and implementation of measures to alleviate the effects of Russia’s war in Ukraineas well as in the negotiation of some of the main economic reforms of recent years such as the labor reform and the approval of relevant regulations in the economic and financial spheres such as the Create and Grow Law and the Securities Market Law”, underlines the Ministry of Economy in the statement.

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