The Cervantes Prize is a prestigious literary award given annually to honor an author who has made significant contributions to Spanish literature. Established in 1976, it is named after the famous Spanish writer Miguel de Cervantes, best known for his classic novel Don Quixote. The prize aims to recognize the lifetime achievements of writers in the Spanish language. The award is presented by the Spanish Ministry of Culture and includes a monetary prize, which is intended to support the recipient's future literary endeavors. The Cervantes Prize is often regarded as the Spanish-speaking world's equivalent of the Nobel Prize in Literature, highlighting the importance of Spanish literature on a global scale.