Maharlika Investment Fund reaches Senate floor

The bill creating the proposed Maharlika Investment Fund (MIF) reached the Senate plenary on Monday.

The bill creating the proposed Maharlika Investment Fund reached the Senate plenary on Monday.

These include public road networks, tollways, green energy, water, agro-industrial ventures, and telecommunications. The senator said that the government financial institution’s contribution to the initial seed fund was “reasonable and will not crowd out other lending obligations that they need to fulfill their respective mandates.”

The advisory body will be composed of the Budget secretary, the NEDA secretary, and the National Treasurer.

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