Balisacan: Maharlika Investment Fund ‘appropriate at this time’

  • 📰 gmanews
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 68%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Socioeconomic Planning Secretary Arsenio Balisacan believes that the establishment of a sovereign wealth fund is appropriate despite the risks of a global recession and high interest rates.

"It’s always the right time," Balisacan, the Marcos administration’s chief economist, told reporters on Saturday.

The National Economic and Development Authority was asked if the economic conditions, given the looming global recession and high interest rates, were appropriate to establish the Maharlika Investment Fund , which could be tapped to finance the country’s economic development in the future. The proposed measure seeks to maximize the investible funds of state-run financial institutions and ultimately increase public funds for nation-building.

"I think the primary consideration here now is our need for vehicles that will attract investment funds, which we can use for our development needs," Balisacan said.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 11. in BR

Brasil Últimas Notícias, Brasil Manchetes