President Ferdinand Marcos Jr. is eager to get the Maharlika Investment Fund (MIF) off the ground, with the administration identifying at least 80 big-ticket projects for financing.
In his third trip to the United States as President, Marcos said a big part of the priority projects under the “Build Better More” or BBM infrastructure lineup will be bankrolled by the MIF.
“Currently, we have identified about 80 potential infrastructure projects that are financeable through the fund, the Maharlika Investment Fund,” he said at the Philippine Economic Briefing in San Francisco, California.
“We are ready to explore new horizons with your investments in the coming years,” he added.
There are 197 “BBM” projects in the pipeline.
The MIF’s formal launch is expected to happen anytime soon following the appointment of Rafael Consing Jr. as chief executive officer of the Maharlika Investment Corporation, which will manage the development fund.