Strict investment parameters and monitoring requirements can safeguard the fund.
BEFORE the headline topic, a late note about the December 4 column on the review of our defense alliance with the United States was rightly instructed by President Ferdinand Marcos Jr. Along with immense geopolitical changes since the 1951 US-Philippines Mutual Defense Treaty, as discussed in the article, the other key and indeed life-and-death consideration is military capabilities and technologies.
One good rationale for the MWF has been mentioned: achieving higher returns than parking billions of dollars of financial assets in low-interest rich-nation bonds and bank deposits. With prudent but less restrictive investing, the fund can increase national wealth and resources for development.Which leads to a second reason for the MWF: investing in development.
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