De Leon said in a news forum on Saturday, June 3, that the MIF would allow the government to generate more funding for key infrastructure development programs beneficial to the country.
De Leon reiterated that the concept of a sovereign wealth fund is not new, with many countries having already established their own investment fund scheme. The LANDBANK, she said, has about P1.3 trillion investible funds, while the P50-billion fund intended for the MIF only translates to about 3 percent of this.
Source: News Formal (newsformal.com)
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