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THE Implementing Rules and Regulations of the controversial Maharlika Investment Fund Act have already been finalized, said President Ferdinand Marcos Jr. on Monday, November 6, 2023.“The Implementing Rules and Regulations of Maharlika Investment Fund have been finalized,” he said in a social media post.“Upon our approval, we'll swiftly establish the corporate structure, getting the MIF up and running,” he added.
Despite criticisms, Marcos signed into law the MIF Act, which is aimed at driving economic development, widen the government’s fiscal space and ease pressure in financing public infrastructure projects, in July.The seed capital of the MIF will be sourced from the Landbank of the Philippines , Development Bank of the Philippines and the National Government .
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