According to President Ferdinand Marcos Jr., the Philippine government has identified around 80 possible infrastructure projects that could be funded through the Maharlika Investment Fund.
This fund, which is the country’s first sovereign wealth fund, will provide additional financing for important government projects, including infrastructure development.
President Marcos Jr. highlighted that these projects have the potential to generate significant economic and social benefits. The operationalization of the Maharlika Investment Fund is expected to take place by the end of the year.
President Marcos Jr. expressed confidence in the country’s reform agenda and continuous economic growth, positioning the Philippines as a promising investment destination in Asia.
He encouraged investors to explore the wealth of opportunities available in the Philippines in the coming years.
Source: PhilNews24 | November 16, 2023
