THE Marcos government is planning to finance about 80 infra projects through the newly-created Maharlika Investment Fund (MIF), said President Ferdinand Marcos Jr. on Thursday.
In his speech during the Philippine Economic Briefing at the sidelines of the Asia Pacific Economic Cooperation (APEC) Summit in San Francisco, Marcos said he is looking forward to the MIF’s operationalization, which he said the government is targeting to happen by the end of the year.
“It will serve as an additional source and mode of financing for priority projects of the government, including the infrastructure flagship,” Marcos told potential investors in the Asia Pacific region.
“These projects offer high returns and significant social economic impact. Currently, we have identified about 80 potential infrastructure projects that are financeable through that fund, the Maharlika Investment Fund,” he added.
With the country’s solid economic reform agenda, Marcos also told investors that the Philippines “is ready to take off as a leading investment hub in Asia.”
“A wealth of opportunity awaits you in the Philippines. And we are ready to explore new horizons or investments in the coming years,” he said.
