Philippine Structural Transformation - With or Without Maharlika

Philippine Structural Transformation - With or Without Maharlika

It appears the Maharlika Investment Fund (MIF) is a fait accompli. As we write, our finance officials are in New York and Toronto, pitching the MIF to international bankers and representatives of Middle East sovereign wealth funds. This means once President Marcos, Jr. affixes his signature, a newly...

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Bibliographic Details
Main Authors: Felipe, Jesus, Sauler, Mariel Monica R., Largoza, Gerardo L., Dacuycuy, Lawrence B., Cabuay, Christopher James R., Alinsunurin, Jason P, Inocencio, Arlene B., Lamberte, Albert E., Cabiltes, Natasha Amber Y.
Format: text
Published: Animo Repository 2023
Subjects:
Philippines
Maharlika Fund
Investments
Growth and Development
Political Economy
Public Economics
Online Access:https://animorepository.dlsu.edu.ph/res_aki/168
https://animorepository.dlsu.edu.ph/context/res_aki/article/1167/viewcontent/2023_07_005_AKI_SOE_MIF.pdf
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Institution: De La Salle University
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Summary:It appears the Maharlika Investment Fund (MIF) is a fait accompli. As we write, our finance officials are in New York and Toronto, pitching the MIF to international bankers and representatives of Middle East sovereign wealth funds. This means once President Marcos, Jr. affixes his signature, a newly-created Maharlika Investment Corporation (MIC) will pool, before the year is over, PhP 75 billion in seed capital from the LandBank and Development Bank of the Philippines. With a further PhP 50 billion plus two full years of dividends from the Bangko Sentral ng Pilipinas (BSP), its nine directors, all presidential appointees, will be able to invest in tradable commodities, overseas instruments, and local development projects to earn dual bottom line returns — financial and social — for the country.

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