THE proposed Maharlika Investment Fund will allow the Philippines to expand its financing sources, especially when it becomes an upper-middle income state, a status that restricts it from tapping “less expensive” Official Development Assistance .
“In brief, the Philippines has to develop alternative sources of financing for its priority projects as ODA financing dries up,” Diokno added. “As a result of the scarring effect of the pandemic, upskilling and retraining of our young population have high social and economic payoff. In an aging world population, our young people—tech-savvy, easily trainable, and mostly English speaking—are our most formidable asset,” he added.
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