For the Maharlika fund to work, NEDA Secretary Arsenio Balisacan says investments should go towards priority development programs.
are in “full support” of the bill, he also gave a nuanced view of the bill’s good and bad points.
However, should the investments of the Maharlika fund go somewhere different, Balisacan warned that it may fail to achieve its purpose. However, Balisacan confessed he was not an expert on the topic of sovereign wealth funds, and that he was not aware of exactly what NEDA’s contributions to the drafting of the bill were.
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