The Bangko Sentral ng Pilipinas (BSP) on Friday expressed readiness to provide P30 billion to P35 billion for the proposed Maharlika Wealth Fund (MWF).
The Bangko Sentral ng Pilipinas on Friday expressed readiness to provide P30 billion to P35 billion for the proposed Maharlika Wealth Fund .
“'Yung buong dibidendo ng BSP na pwedeng magamit para mapondohan ang Maharlika Wealth Fund ,” he said. After providing the initial contribution, Dakila said the BSP will only give 50% of its dividends to the MWF because the other 50% will be allocated for the capitalization of the BSP. Once the BSP is fully capitalized, Dakila said it will again provide 100% of its dividend for the MWF.On Thursday, House appropriations panel senior vice chairperson Stella Quimbo said theThe MWF will also be funded by state-run banks LandBank of the Philippines with P50 billion and the Development Bank of the Philippines with P25 billion.
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