PRESIDENT Ferdinand 'Bongbong' Marcos Jr. will tackle the proposed sovereign wealth fund during his trip to Davos, Switzerland next week, the Department of Foreign Affairs (DFA)...
PRESIDENT Ferdinand 'Bongbong' Marcos Jr. will tackle the proposed sovereign wealth fund during his trip to Davos, Switzerland next week, the Department of Foreign Affairs said Thursday.In a pre-departure briefing in Malacañang, Foreign Affairs Undersecretary Carlos Sorreta said Marcos will bring up the sovereign wealth fund during the World Economic Forum scheduled from January 16 to 20.
'The World Economic Forum is a great venue to do a sort of soft launch for our sovereign wealth fund given the prominence of the forum itself and global and business leaders will be there,' Sorreta said.'They will hear directly from the President what the fundamentals that we have that lead us to decide we should have a sovereign wealth fund,' he added.Asked how Marcos will raise the sovereign wealth fund at the WEF, the DFA official said, 'it will be broad strokes.
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