![[ANALYSIS] Maharlika fund: When politics trumps economics](https://i.headtopics.com/images/2023/1/4/rapplerdotcom/if-the-economists-in-government-are-just-playing-t-if-the-economists-in-government-are-just-playing-t-1610593286372179968.webp)
'If the economists in government are just playing the political game, at what cost to themselves – and the nation?' Analysis ThoughtLeaders
A few weeks ago, I wrote about how the Maharlika Investment Fund – ostensibly a sovereign wealth fund, and allegedly the brainchild of President Ferdinand Marcos Jr. –But there’s another aspect to the Maharlika fund that is not talked about so much : how it called into question the integrity of some economists serving in government.
For instance, Representative Stella Quimbo, a PhD economist specializing in health economics at UPSE, was one of the original six proponents of the Maharlika Investment Fund. In fact, she was the proponentmost often before media to justify the fund. Her co-authors banked on her economics credentials to bolster the case for the bill.
For instance, Diokno’s protégé, Budget Secretary Amenah Pangandaman – who got a master’s degree from UPSE – is also all for Maharlika. She He added, “If that fund could supplement the limited fiscal resources that we have, for example, it could be used to improve the attractiveness of PPP projects, particularly for critical areas like infrastructure. Then again, as pointed out by several observers, its potential depends so much on how we design the framework.
More crucially, the governance issues Balisacan mentioned are at the heart of the arguments against Maharlika: What governance structure is there going to be? Are there enough guardrails?
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