THE implementing rules and regulations (IRR) of the Maharlika Investment Fund may be out by mid-August, Finance Secretary Benjamin Diokno said yesterday.
Speaking on ANC’s “Headstart,” Diokno said economic managers started the drafting of the IRR shortly after the Senate passed the measure.
“I think it should be ready by mid-August, or at the latest by end-August,” he said.
Diokno said the IRR would be made public.
The Maharalika Investment Fund is the Philippines’ inaugural wealth fund and will be allocated across a diverse range of assets.
Diokno said the selection of board members for the fund was underway.
“We’re collecting recommendations… They don’t have to be Filipino citizens, but they have to have the right credentials,” he said. (ABS-CBN News)
