MIF to drive PH’s Meaningful Economic Transformation

The Maharlika Investment Fund (MIF), was signed into law by President Ferdinand R. Marcos Jr. to drive PH’s meaningful economic transformation, including boosting infrastructure development, creating high-quality jobs, and pursuing its initiatives to become an investment-friendly nation. This means increasing the capacity and capability to make profitable investments, such as the Build-Better-More program.

The Fund under Republic Act No. 11954 aims to achieve upper-middle-income status by 2025, single-digit poverty levels, and other goals set out in the Agenda for Prosperity outlined in the Medium-Term Fiscal Framework (MTFF) as well as the Marcos Administration’s 8-point Socioeconomic Agenda and the Philippine Development Plan 2023-2028.

Economists said that the Fund could add materially to government resources in the future if it is properly managed. As President Marcos Jr. delivered in his 2nd State of the Nation Address (SONA), any investment decisions in managing and utilizing the Maharlika Investment Fund shall remain intact with the Administration’s total commitment to transparency, accountability, and good governance.

Exporters can look forward to new opportunities for some of the high-priority projects of the Country’s Agriculture, Infrastructure, Digitalization, Strengthened Supply Chains, and other areas that support the platform of transforming the Philippines’ competitiveness in the rest of the world. This also means both the public and private sectors can benefit from the future success of this endeavor.

The passage of the MIF law was signed on 18 July 2023 at the Rizal Hall, Malacañang Palace. AOB

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