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

The Government highlights its "proven technical solvency, its extensive knowledge of public administration and a dialogue character".

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

The Government highlights its "proven technical solvency, its extensive knowledge of public administration and a dialogue character"

The Council of Ministers approved this Tuesday the appointment of Israel Arroyo Martínez as the new Secretary of State for Economy and Business Support, replacing Gonzalo García Andrés, who will leave the position after the departure of Nadia Calviño to the European Investment Bank (EIB). ).

According to information provided by the newspaper 'El País' and confirmed by Europa Press, Israel Arroyo will be the 'number two' of the recently appointed Minister of Economy, Commerce and Business, Carlos Body.

Israel Arroyo was Secretary of State for Social Security and Pensions between 2020 and 2022. As José Luis Escrivá's 'number two', he managed to carry out the first part of the pension reform, which repealed the central elements designed by the PP in 2013 and imposed the return to the CPI as a reference to revalue benefits.

After leaving the Ministry at his own request, Arroyo returned to the Independent Authority for Fiscal Responsibility (AIReF) as head of data management.

He has a degree in Business Administration and Management and in Sociology, and a DEA in Public Economics. Member of the Superior Body of Actuaries, Statisticians and Economists, he was deputy general director of Debt at AIReF and previously an analyst of Social Security funds at that same institution.

He was also general deputy director of Budgets, Economic Studies and Statistics, and deputy director of Payment Management and Reserve Fund Management in the General Treasury of Social Security, and previously was head of the Economic Studies and Situation Analysis Area in that same institution. .

From the Ministry of Economy they have highlighted in a statement his "proven technical solvency, his extensive knowledge of public administration and a dialogue character."


The departure of Gonzalo García Andrés occurs days after the former first vice president and Minister of Economy, Nadia Calviño, took office as president of the EIB on January 1, 2024.

García Andrés was appointed Secretary of State for Economy on May 11, 2021, replacing Ana de la Cueva, who had held the position since June 2018. In the years in which Gonzalo García Andrés has been in charge of the Ministry of State of Economy and Business Support, the investments and reforms of the Recovery, Transformation and Resilience Plan have been launched and under its direction the addendum to the Recovery Plan has been prepared and negotiated with the European Commission.

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 the Russian war in Ukraine, as well as in the negotiation of some of the main economic reforms of recent years. years such as the labor reform and the approval of relevant regulations in the economic and financial fields such as the Create and Grow Law and the Securities Market Law.

García Andrés has a degree in Economic Sciences from the Autonomous University of Madrid, a commercial technician and a State economist. Until his appointment, he was managing partner of Economics at Analistas Financieros Internacionales (AFI) and professor in the Master of Finance at AFI Escuela.

He has developed a large part of his professional career in the Ministry of Economy, in areas of the financial system, international financing, macroeconomic policy and trade and investments.

In the General Directorate of the Treasury and Financial Policy, he was deputy director general of Financial and Strategic Analysis and Financing, as well as Public Debt Management. Later, he was general director of International Financing, representing Spain in the IMF, the World Bank and the rest of the multilateral development banks.