BusinessWorld E-paper
June 02, 2023
ECONOMISTS remain skeptical about the newly passed Maharlika Investment Fund (MIF) bill, saying it still contains provisions that could affect the independence of government financial institutions (GFIs) and the central bank.
Filomeno S. Sta Ana III, coordinator of the Action for Economic Reforms, said it is “redundant” to call the fund an investment mechanism to finance development programs because even without it, “GFIs that are ordered to contribute to Maharlika are using their funds to contribute to Philippine development in different ways.”
