Signed Maharlika Investment Fund Act (RA 11954)
Ferdinand Romualdez Marcos Jr. • President of the Philippines • Jul 18, 2023
President Marcos Jr. signed Republic Act No. 11954, the Maharlika Investment Fund (MIF) Act, on July 18, 2023. The law created a sovereign wealth fund capitalized from the Bangko Sentral ng Pilipinas, Land Bank of the Philippines, and Development Bank of the Philippines. The fund is intended to invest in infrastructure, agriculture, healthcare, and other strategic sectors to stimulate economic growth.
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Quality Score: 45/100
Fair