Spain's Crown Prince Felipe presented Enrique Iglesias with an award Friday for his work as head of the Ibero-American Secretariat, which organizes the summits of the leaders of Spain, Portugal and Latin America.

The prince presented the honor at the Business Encounter taking place during the 2013 Ibero-American Summit in Panama.

In the absence of King Juan Carlos, convalescing from a hip operation, the prince flew to Panama to take part in some of the summit meetings and in other events organized in parallel, including the Business Encounter.

Though not on the program, Prince Felipe took the floor to praise the role of the region's businessmen and their vocation of creating "wealth, jobs and well-being."

In the name of the whole Ibero-American family, Felipe expressed his thanks for the work done by Iglesias, who is stepping down as head of the secretariat.

"Enrique Iglesias, with your experience, knowledge and political and diplomatic gifts, you have successfully carried out the mission entrusted to you by the heads of state in 2005," Felipe said.

Though Iglesias is leaving the post of secretary general, the prince trusts that he can continue to count on Iglesias because, in his opinion, his experience is "an asset that Ibero-America should not be without."

Iglesias, after accepting the award, expressed his thanks very succinctly because, he joked, his cardiologist warned him to avoid strong emotions. EFE