President Marcos’ chief economic manager is confident that the Maharlika Investment Fund (MIF) will help usher in economic growth that is both inclusive and sustainable. ManilaBulletin
Finance Secretary Benjamin Diokno lauds Congress for the swift approval of the Maharlika Investment Fund Act of 2023 after the House of Representatives adopted the Senate version of the bill.
President Marcos’ chief economic manager is confident that the Maharlika Investment Fund will help usher in economic growth that is both inclusive and sustainable. “The economic team is resolute in its commitment to ensure that the entity created will be able to generate returns that will redound to inclusive and sustainable economic growth,” he added.
“The establishment of the MIF will provide the government with a long-term source of income that will support generations to come. It will also ease the burden on the national budget by providing additional funding for other priority projects of the government,” Diokno said. The final version of the bill explicitly prohibits government agencies and GOCCs that provide for social security and public health insurance to contribute to and invest in the Fund.
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