The Public Private Partnership (PPP) Center currently doesn’t have mechanisms to include sovereign wealth fund investments in its projects should the country create the Maharlika Investment Fund.
THE Public Private Partnership Center currently doesn’t have mechanisms to include sovereign wealth fund investments in its projects should the country create the Maharlika Investment Fund.
“As generically defined sovereign wealth funds are, you want to generate returns. If you use that as viability gap funding, saan yung return mo? [where’s the return?] Your return is economic development? you want to do this help the government,” Hernandez told the BusinessMirror.
The JV Guidelines were created to encourage the pooling of resources and expertise between the government and the private sector. “So ang benefit to the government is kung halimbawa ang equity return ng project is 15 percent, then the government will also be getting the benefit of the 15 percent equity return. So yun yung nakikita kong way na pwedeng gawin,” Hernandez explained. [So the benefit to the government is if for example the equity return of the project is 15 percent, then the government will also be getting the benefit of the 15 percent equity return. So that’s the way I see how that can be done.
He said it may be better to focus on the government’s Philippine Development Plan than entertain the idea of creating the Maharlika Investment Fund.
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