The president of Development Bank of the Philippines has expressed full support for the establishment of a SWF, citing the need to boost investments in critical sectors to sustain the country’s growth.
Emmanuel Herbosa, DBP president and chief executive officer, said it is crucial to broaden investments in critical areas such as food, water, green energy, agro-industrial ventures, telecommunications, public infrastructure, and road networks toll-ways, which offer better rates of return and greater socio-economic impact.
“As head of a government bank, the SWF is closely aligned with our operating principle of bolstering economic additionality through timely and meaningful support of critical industries and sectors.”
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