Philippines to Boost Infrastructure Development with Maharlika Investment Fund

The Philippines, under the leadership of President Ferdinand R. Marcos, Jr., is embarking on an ambitious journey to finance approximately 80 infrastructure projects through the country’s first sovereign wealth fund, the Maharlika Investment Fund (MIF). President Marcos announced this initiative during a Philippine economic briefing in San Francisco, emphasizing that these projects, which are yet to be detailed, promise high rates of return and significant socioeconomic impact.

The government has identified a broader list of 197 priority infrastructure projects, encompassing a diverse range of sectors including physical and digital connectivity, water, agriculture, health, transport, and energy. These flagship projects are valued at around $155 billion, underlining the government’s commitment to enhancing the country’s infrastructure landscape.

A key aspect of this development strategy is the allocation of 5-6% of the Philippines’ Gross Domestic Product (GDP) for infrastructure spending until 2028. The MIF, which President Marcos aims to operationalize by the end of the year, is poised to play a central role in financing these projects. It is envisioned as an additional source and mode of financing, potentially unlocking new opportunities for growth and development across various sectors.

In summary, the establishment of the Maharlika Investment Fund marks a significant step in the Philippines’ efforts to accelerate infrastructure development, with the potential to drive economic growth and improve the quality of life for its citizens​​.