Ministry of Economy (Spain)

The Ministry of Economy, Trade and Business (MINECO) is the department of the Government of Spain responsible for proposing and carrying out the government policy on economic affairs, through reforms to improve competitiveness and trade, focused on business support and the potential growth of the economy. At the same time, it directs the commercial policy of internationalization of companies, as well as the supervision of investments and foreign transactions.

As the main Cabinet department responsible for the economic policy, it is also the ministry in charge of the proper functioning of the oldest and most relevant Delegated Committee, the Government Delegated Committee for Economic Affairs (CDGAE), a collective body of the Government in charge of guaranteeing the full coordination and coherence of the government policies with the economic policy. The Economy Minister chairs this committee, while the Secretary of State for Economy assumes the secretariat.

The MINECO is headed by the Economy Minister, a Cabinet member who is appointed by the Monarch at request of the Prime Minister. The Minister of Economy is assisted by four high-ranking officials, the Secretary of State for Economy and Business Support, the Secretary of State for Trade, the Secretary-General for the Treasury and International Financing and the Under-Secretary of Economy. The current minister is Carlos Cuerpo, a State economist and former Secretary-General for the Treasury. Provided by Wikipedia