NextGen Day

🚀💼 MANILA – President Ferdinand R. Marcos Jr. revealed on Monday that the newly established Maharlika Investment Fund (MIF) would be crucial in financing high-priority projects in the Philippines.

In his second State of the Nation Address (SONA), Marcos emphasized that the MIF, the country’s first-ever sovereign wealth fund, aims to accelerate economic development by mobilizing government financial assets.

By pooling a fraction of the underutilized government funds, the Maharlika Fund will be strategically invested in high-impact and profitable ventures, including the “Build Better More” program, which seeks to boost the nation’s economic well-being.

The gains generated by the Fund will be reinvested back into the country, ensuring sustained economic growth.

To ensure prudent financial management, Marcos assured that an internationally recognized team of economic managers would oversee the Fund’s operations, guided by the principles of transparency and accountability. This approach guarantees that investment decisions will be solely based on financial considerations without political influence.

Marcos emphasized that the funds allocated for social security and public health insurance will remain secure and separate from the Maharlika Investment Fund.

The Department of Finance (DOF) has highlighted that the Fund will focus on critical infrastructure projects such as green and blue initiatives, countryside development, and employment-generating endeavors.

Prominent examples include investments in public road networks, tollways, green energy projects, water infrastructure, agro-industrial ventures, and telecommunications.

The establishment of the Maharlika Investment Fund marks a significant step towards advancing the Philippines’ economic progress and realizing key national development goals. 🚀💼

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