The proposed Maharlika Investment Fund (MIF) drew “huge interest” from investors at the 2023 World Economic Forum (WEF), according to Senator Mark A. Villar.
The proposed Maharlika Investment Fund drew “huge interest” from investors at the 2023 World Economic Forum , according to Senator Mark A. Villar.
“Many were interested in the Philippines and the wealth fund since they saw that the fund can be utilized to hasten development in the country and of course as investors, they want to see that we are active in infrastructure and products or funds that can help the government,” Villar said in Filipino in an interview with the Presidential Communication Office .
“Such a fund is one tool among many in our efforts to diversify our financial portfolio, which includes our existing institutions pursuing investment that will [not only] generate stable returns but also welfare effects spanning employment creation, improvement of public service and a decrease in costs of economic activities,” Marcos said in his opening remarks at the Philippines Country Strategy Dialogue.
Members of the Philippine delegation to Davos noted the “huge interest” shown by WEF attendees in the proposed MIF, said the speaker, echoing Villar. The Senate leadership said the MIF is among the priority legislations the chamber would work on when Congress resumes sessions this month.
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