President Ferdinand R. Marcos Jr. has tapped experts to consider various iterations of the proposed Maharlika Investment Fund (MIF) that he is expected to present before the 2023 World Economic Forum (WEF) in Davos, Switzerland next week. Know more:
President Ferdinand R. Marcos Jr. has tapped experts to consider various iterations of the proposed Maharlika Investment Fund that he is expected to present before the 2023 World Economic Forum in Davos, Switzerland next week.
The note also includes how the fund will be managed, the source of funds and public participation in creating the MIF. The fund’s key objectives are to develop a means to leverage the government’s fiscal resources through a competently managed Fund that can invest in developmental projects with private sector participation; to provide the government a channel for investing in high-return opportunities domestically and abroad; and to create a channel for building intergenerational wealth.
Under the note, in order to maximize available liquidity here and abroad, a portion of the fund should be publicly listed, and to subject the fund to the standards of a listed corporation.
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