Malacañang has pledged to issue a detailed status report on the current operations of the Maharlika Investment Fund (MIF).
The fund, enacted into law under Republic Act No. 11954 on July 18, 2023, only became fully operational in the first quarter of 2024.
According to Presidential Communications Office (PCO) Undersecretary and Palace Press Officer Claire Castro, the administration is prepared to release an update on the MIF’s activities, including the negotiations and investment ventures it has undertaken so far.
“Handa silang maglabas ng update hinggil sa naging takbo ng operasyon ng MIF kasama na ang mga negosasyon na pinasok nito,” said Usec. Castro.
She explained that the fund’s primary goal is to utilize financial assets and legal instruments to support strategic investments that can strengthen the national economy, particularly in infrastructure and other priority sectors.
The Maharlika Investment Fund also seeks to generate sustainable returns, expand the country’s fiscal space, and develop alternative sources of financing for major development projects.