ECHO OF LIFE

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financial crisis, countries are left in a state of uproar in their darkest economic hours. Many countries are seeking efforts to diversify their economies through sovereign wealth funds, one of which is the Philippines with the Maharlika Investment Fund (MIF). The Philippines has established the Maharlika Investment Fund to diversify its economy through investments in real estate, financial assets, and other sectors. However, unlike most sovereign wealth funds, MIF runs in deficits by means of importing more than exporting for economic stimulus, using funds sourced from contributors and banks. This poses risks for investors due to the Philippine government’s reputation for corruption and mismanage-