THE Department of Finance (DOF) said that some 200 projects stand to benefit from the Maharlika Investment Fund (MIF).

According to Finance Secretary Benjamin Diokno, they already identified the said projects that will benefit from MIF.

"We have identified already some, close to 200 top priority projects and they need funding, and so, we will focus on those first and some of them are ready for implementation and in fact being implemented," he said.

"The Maharlika Investment Fund is more designed really for our domestic economy rather than investing abroad," he explained. 

Earlier, the Palace has identified tourism infrastructure, agri-forestry, energy security, digital infrastructure, and financial services as the MIF's priority investment areas.

According to Diokno the Maharlika Investment Corporation (MIC) through its president Rafael Consing Jr. has mapped out plans to double the fund's investible capital to P250 billion in 2 years.

Diokno said the move is "very doable."

Diokno said that the MIF's money has so far come from the Land Bank of the Philippines at P50 billion, Development Bank of the Philippines at P25 billion, and P32 billion in Bangko Sentral ng Pilipinas (BSP) dividends.

"That could easily be doubled by enticing some investment, foreign and domestic, to beef up the size of the fund," he said.