The Premio Herralde is a prestigious literary award established in 1986 by the Spanish publishing house Anagrama. It is given annually to recognize outstanding works of fiction written in Spanish, aiming to promote contemporary literature and emerging authors. The award is named after Joaquín Herralde, the founder of Anagrama, and has gained significant recognition in the literary world. Winning the Premio Herralde can greatly enhance an author's visibility and career, as it highlights their work among readers and critics alike.