MANILA, Philippines — Secretary Arsenio Balisacan, chief of the National Economic and Development Authority (Neda), backs the proposed Maharlika Investment Fund (MIF) as it would help the country
“With the Marcos Administration’s Economic Team members, I reiterate my strong support for creating the Maharlika Investment Fund as a complementary vehicle to help us attain the objective of rapid but inclusive and sustainable economic development,” Balisacan said at the “Saturday News Forum” in Quezon City on Saturday.
The fund sources left are the Land Bank of the Philippines, the Development Bank of the Philippines, and dividends of the Bangko Sentral ng Pilipinas.MIF to bankroll infra projects “Investments in key infrastructure projects will be supported by innovative finance,” Balisacan said. “With sufficient governance safeguards to ensure the fund’s sustainability and responsible management, the proposed Maharlika Investment Fund will help support our country’s infrastructure development.”
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