Added Title
DLSU-AKI Policy Brief 2023-07-005
College
School of Economics
Document Type
Policy Brief
Publication Date
7-2023
Place of Publication
DLSU-Angelo King Institute, Room 223, LS building, 2401 Taft Avenue, Manila 0922
Abstract
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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Recommended Citation
Felipe, J., Sauler, M., Largoza, G. L., Dacuycuy, L. B., Cabuay, C. R., Alinsunurin, J. P., Inocencio, A. B., Lamberte, A. E., & Cabiltes, N. Y. (2023). Philippine Structural Transformation - With or Without Maharlika. Retrieved from https://animorepository.dlsu.edu.ph/res_aki/168
Disciplines
Growth and Development | Political Economy | Public Economics
Keywords
Philippines; Maharlika Fund; Investments
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