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Maharlika Investment Fund explained: Its managers, ventures and safeguards

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THE revised implementing rules and regulations of the controversial Maharlika Investment Fund Act of 2023 that creates the country's first sovereign wealth fund were approved on Friday, November 10, 2023, paving the way for the fund's implementation which, President Ferdinand Marcos Jr. has said, will be within the year.

The bonds and debentures may be long-, medium- or short-term, with fixed or floating interest rate. The revised IRR states that such obligations shall be secured by the assets under the management of the MIC.Are the bonds issued by the MIC guaranteed by the Philippine government?No.

 

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