Maharlika Investment Corporation

Associate Member

Philippines

The Maharlika Investment Corporation (MIC), established under Republic Act No. 11954 (the Maharlika Investment Fund Act of 2023), is mandated to:

  1. Manage and Invest the Maharlika Investment Fund (MIF): The MIC is the sole vehicle for mobilising and using the MIF to invest in various asset classes to generate optimal returns on investments (ROIs). These investments are intended to contribute to the overall goal of promoting economic growth, creating jobs, and reducing poverty.
  2. Adhere to Investment Strategies and Risk Management: The MIC is required to adopt investment strategies focused on generating long-term sustainable returns while mitigating risks through proper identification and management.
  3. Follow International Standards of Transparency and Accountability: The MIC must adhere to the Santiago Principles and other internationally accepted standards of transparency and accountability. It is required to adopt stringent financial reporting and audit systems to ensure transparency and responsible management of the MIF.
  4. Contribute to Socio-Economic Development: The ultimate objective of the MIF, and therefore the MIC, is to promote socio-economic development in the Philippines. This is achieved by investing in projects and initiatives that generate economic returns, create jobs, and contribute to national development priorities.

In summary, the Maharlika Investment Corporation's mandate is to manage and invest the Maharlika Investment Fund strategically, transparently, and responsibly, with the overarching goal of contributing to the Philippines' socio-economic development.

Contact Details

Maharlika Investment Corporation
Manila
Manila
Metro Manila
Philippines