BSP chief says balance sheet strong enough for Maharlika Investment Fund

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Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla on Thursday said concerns over the proposed Maharlika Investment Fund have been “completely addressed,” but the final version should still be reviewed to ensure that safeguards are implemented.

Bangko Sentral ng Pilipinas Governor Felipe Medalla on Thursday said concerns over the proposed Maharlika Investment Fund have been “completely addressed,” but the final version should still be reviewed to ensure that safeguards are implemented.

will come from LandBank with P50 billion, the DBP with P25 billion, and dividends and profits of the BSP. The MIF was initially aimed to have a capital of P275 billion with P175 billion coming from the Government Service Insurance System and the Social Security System , but lawmakers dropped these funding sources to douse public opposition.

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