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Audit Court Warns Casa Árabe’s Viability at Risk, Urges Foreign Ministry to Order Rigorous Review

Recurring near‑€1 million deficits together with urgent Madrid building repairs threaten to exhaust cash by 2026.

Overview

  • Spain’s Tribunal de Cuentas says Casa Árabe is in a critical financial situation and calls for a rigorous viability study by the Foreign Ministry that could even weigh the consortium’s continuation.
  • The audit of 2023–2024 shows recurrent annual deficits near €1 million and operating costs of €3.2 million in 2023 and €3.3 million in 2024, warning that structural repairs at the Madrid headquarters could deplete reserves in 2026.
  • Auditors report the absence of a structured internal control system, no planning by objectives, and no formal job classification or hiring procedures.
  • The report faults the Ministry of Foreign Affairs for not providing necessary direction and oversight of the organization’s public‑diplomacy role.
  • New director Miguel Moro, in place since February 2025, is praised for a cooperative stance as the court urges stronger management controls, better document archiving, and expanded sponsorships and collaborations.