Finance Secretary Benjamin E. Diokno assured that the contribution of the Bangko Sentral ng Pilipinas (BSP) to the Maharlika Investment Fund (MIF) would not erode the financial stability of the central bank. ManilaBulletin
As groups remained skeptical about the BSP’s participation in MIF’s funding, Diokno on Friday, June 2, explained that the central bank has a strong track record of maintaining financial stability.
Under ratified version of the MIF Act of 2023, the BSP is required to contribute 100 percent of its dividends during the first two years of the fund’s establishment, or up to P50 billion. Last May 28, BSP Governor Felipe Medalla said he has no issue with the ratified sovereign wealth fund bill. “I thank our legislators for their thoughtful deliberation and timely approval of the Maharlika Investment Fund bill,” Diokno said.
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