Maharlika can fund crucial gov’t projects MBOpinions READ:
In fact, several of the projects under the previous Duterte administration are being continued by President Bongbong through the Build Better More program. And Senator Mark Villar sees the Maharlika Investment Fund as a mechanism to fund many of these high-impact projects.
These infrastructure projects are crucial in our economic development and Senator Villar knows this very well — how as secretary of the Department of Public Works and Highways from 2016 to 2021, he steered the country to its golden age of infrastructure, completing 29,264 kilometers of roads, 5,950 bridges, 11,340 flood mitigation structures, 222 evacuation centers,133 Tatag ng Imprastraktura Para sa Kapayapaan at Seguridad projects, 150,149 classrooms, and 739 Covid-19 facilities during his...
The MIF is set to be the country’s first-ever sovereign investment fund that is expected to generate income for the government and help promote economic development. Many of our neighbors in the ASEAN and other nations have their own sovereign wealth funds , which allow them to pursue investments that will generate new income for the state and pave the way for the funding of programs and projects that will benefit present and future generations.
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