The Philippines' sovereign wealth Maharlika Investment Fund is meant to draw capital financing from overseas to boost economic growth, President Ferdinand "Bongbong" Marcos Jr. said on Tuesday.
The Philippines ' sovereign wealth Maharlika Investment Fund is meant to draw capital financing from overseas to boost economic growth , President Ferdinand "Bongbong" Marcos Jr. said on Tuesday.At the World Economic Forum country roundtable, Marcos expressed confidence that the country is in position to enter a sustained period of robust economic expansion in the next two years.
''The Maharlika Investment Fund is designed to serve as a magnet for equity financing from abroad and a vehicle for driving long-term growth without compromising efforts towards fiscal consolidation,'' Marcos said.''Furthermore, we are actively fortifying trade and economic ties across the region to promote inclusive cooperation in a time of geoeconomic fragmentation,'' he added. In front of business leaders in Australia, Marcos said the MIF shows his administration's dedication to get sufficient funds for priority programs.He said the country's overhaul of fiscal incentive structures and responsive policies play a pivotal role in promoting private sector participation.Marcos signed into law Republic Act No. 11954 or the Maharlika Investment Fund Act of 2023 in July, with the aim to tap state assets for investment ventures to generate additional public funds.The law creates the Maharlika Investment Cor
Philippines Sovereign Wealth Fund Capital Financing Economic Growth Maharlika Investment Fund President Ferdinand Marcos Jr.
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