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Finance Secretary Benjamin Diokno (File photo courtesy of DOF) MANILA - The proposed sovereign wealth fund of the Philippines is another option to help finance the government's infrastructure requirements, Finance Secretary Benjamin Diokno said Thursday. During the Philippine economic briefing attended by economic managers, officials of financial institutions, and foreign investors, among others, in London, United Kingdom, Diokno said the wealth fund is "designed to fund initially, or largely our infrastructure needs for generation." He said the government wants to take advantage of the availability of funds onshore, which is on top of the financing that the government can borrow from such multilaterals as the World Bank (WB) and the Asian Infrastructure Investment Bank (AIIB). "But we have a lot of money within the country. For example, had we used the Malampaya Fund to fund this wealth fund, that's about USD20 billion. We could have used that," he said. Th

United kingdomCity ofBenjamin dioknoAmenah pangandamanAsian infrastructure investment bankWorld bankIndonesia investment authorityMalampaya fundFinance secretary benjamin dioknoMalampaya deep water gas to powerBudget secretary amenah pangandamanIndonesia investmentFinance secretary benjamin diokno file photo courtesy of dof manila the proposed sovereign wealth fund philippines is another option to help government 39s infrastructure requirementsInance secretary benjamin diokno said thursday during the philippine economic briefing attended by managersFficials of financial institutionsNd foreign investors