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The government is working to refine the Maharlika Investment Fund (MIF) and expects it to be operational before the end of this year, according to Finance Secretary Benjamin Diokno.
President Ferdinand R. Marcos Jr. signs the Maharlika Investment Fund (MIF) Act of 2023 in Malacañan Palace. I Photo: Presidential Communications Office
The MIF stands as a cornerstone for financing the infrastructure projects of President Ferdinand R. Marcos Jr.'s administration, which are crucial to achieving sustained and inclusive economic growth.
President Marcos suspended the implementation of the sovereign wealth fund's rules and regulations, citing the need for further study, with Executive Secretary Lucas Bersamin issuing a memorandum to the Bureau of the Treasury, Land Bank of the Philippines (LandBank), and the Development Bank of the Philippines (DBP).
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