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FACT SHEET: Timeline of the Maharlika Investment Fund implementation

President Ferdinand Marcos Jr. said the concept of the Maharlika Investment Fund “remains a good one” and it will be operational by the end of 2023.

By VERA Files

Oct 20, 2023

1-minute read
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After suspending the implementation of the Maharlika Investment Fund‘s implementing rules and regulations (IRR), President Ferdinand Marcos Jr. said on Oct. 19 that the concept of the sovereign wealth fund “remains a good one” and it will be operational by the end of 2023.

A day prior, Malacañang released a memorandum dated Oct. 12 ordering a pause on the IRR of Republic Act No. 11954 creating the MIF. The suspension of the IRR “pending further study” created confusion, with many thinking that Marcos was having second thoughts about the MIF.

Read FACT SHEET: The Maharlika Investment Fund explained and FACT SHEET: Unpacking Maharlika Investment Fund’s urgent legislation

Here’s a timeline of events on the controversy:

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