In the nature or mystery of economic growth, as Dani Rodrik calls it, companies play a key role. Growth being the most powerful instrument to generate wealth, reduce inequality, poverty and achieve greater well -being, there is no doubt that «multilatinas», translatins or multiiberics – on multi -theater – are really key to achieving it. Multilatines, because of their etymology, as can be intuit, they are in general Latin American companies of family origin and are usually local and regional leaders. According to ECLAC, its regional expansion is due to economic reforms (opening, liberalization and deregulation), risk diversification and easy access to financial markets. This phenomenon was accompanied by the expansion of Latin American capital after the lost decade of the 1980s, identified in this way by its low economic growth (1.1%). It was from the 1990s, known as the decade of hope – for contrast to the previous decade – when multilatine Evolution, looking for new opportunities and markets to settle. In this way, multilatinas drive business fabric with new technologies, knowledge and processes, improving productivity and competitiveness that facilitate international expansion. For international expansion, multilatines have chosen Spain as the second destination of their investments, where, like Spanish multinationals in Latin America, they have been favored by immediacy and linguistic and cultural proximity, as key factors to settle quickly, getting cost savings, since the lower the idiomatic and cultural distance between the matrix and the subsidiary, minors are the operational costs. Fourth Major Investor in Spain, after the United States, the United Kingdom and France. In turn, Spain is the main European investor and the second worldwide in Latin America, only surpassed by the United States. This is a fundamental position that we must retain before the current readjustment of investments in the Ibero -American investment space. The twenty Latin American countries in 2024 have a stock in Spain of 47,291 million euros, a figure that amounts to 66,845 million euros if the ETVEs are included (Instrumental Companies of Fiscal Optimization). This represents a business community that advances from 142 in 2011 to exceed 600 in 2024, generating direct jobs for approximately 49,000 workers. By countries, Mexico is the largest investor with 33,902 million euros; It is followed by Argentina with 10,569 million; Brazil with 6,144 million; Colombia with 6,023 million (the country whose investment more grows); and Uruguay with 3,606 million euros. The flows to Spain in 2024 were 2,178 million euros, 5.3% less than in 2023, in line with the average of recent years, which consolidates our country, not only as the entrance door but as the bridge to European markets and as the second preferred destination, being the first United States. The institutional stability of Spain, understood as a propitious framework for international investments and businesses in the context of the European Union, as well as legal certainty and stability in the financial and credit field, are aspects remarkably valued by multilateins and Latin American entrepreneurs. The Government of Spain, such as regional governments, has various modalities of incentives and supports to attract investments and facilitate income Multilatines, promoting collaboration with the private sector, offering qualified labor, legal certainty, institutional stability and a wide network of infrastructure that connects them with European markets. The first Latin American companies to arrive in Spain were the Mexican Cemex, the Brazilian Gerdau and more recently the Trinity group of Colombia and Atlántida de Honduras have done. To improve the arrival of multilatines, it is advisable to maintain a constant dialogue and institutional collaboration with their managers, given that their knowledge in the decision processes to invest in Spain, can guide and make more effective policies of attraction and retention of investments in our country. In Spain, multilatines face challenges and opportunities, which test their directive skills and organizational capacities, key factors to overcome obstacles and take advantage of opportunities to strengthen their position in the Latin American investment space, which includes more than 600 million Spanish speakers, has a dense network of economic, commercial and institutional relations, which facilitate investments in both senses, where multilate reinforce its presence, which raises confidence in their respective economies, favoring internationalization as a symptom of maturity. Ibero -American investment space, as a block of influence in the face of market fragmentation, today makes more sense than yesterday. A space where Spain, as a natural entrance door for Latin American investments, has the positive and competitive differentiating positions that facilitate access to the markets of Europe, North Africa and the Middle East. Spain, also acts as a bridge between Latin America and the European Union, and not only because it can geographically exercise that function, but because it meets the conditions to strengthen the links between the two regions. For its part, Latin America, as part of the Ibero -American investment space, the role of entrance door and bridge of foreign investment has claimed it by the Inter -American Development Bank (IDB). It was done by its president, Ilan Goldfajn, during the Assembly of Governors (Santiago, Chile, March 28, 2025). «We are telling investors to enter in Latin America, that we are the Latin America bridge, because we give the guarantee that it is a good project.» Finally, a proposal that is not briefly ceases to be extremely important. It would be highly positive for the IDB, such as the CAF Development Bank for Latin America, the BICE and other regional multilateral institutions, add to the Ibero -American investment space.Ramón Casilda Béjar It is an analyst
