A respected Spanish actor and director, Banderas' career spans from his role in Pedro Almodovar's Labyrinth Of Passion (1982) to his latest film The Other Man, which will open this year's San Sebastian film festival.
US actress Streep has had a long and illustrious film career spanning four decades, picking up the most number of Oscar and Golden Globe nominations of any actor in cinema history.
The full list of jury members has also been announced.
Official Selection Jury
Jonathan Demme (chair)
Martina Gusman Urruti
Altadis New Directors
Joan Chen (chair)
Sandra Den Hamer
Keja Ho Kramer
Mirtha Ibarra (chair)
The Israeli director Amos Gitai will chair the Film Schools jury.