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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 Kingdom , City Of , Benjamin Diokno , Amenah Pangandaman , Asian Infrastructure Investment Bank , World Bank , Indonesia Investment Authority , Malampaya Fund , Finance Secretary Benjamin Diokno , Malampaya Deep Water Gas To Power , Budget Secretary Amenah Pangandaman , Indonesia Investment , Finance Secretary Benjamin Diokno File Photo Courtesy Of Dof Manila The Proposed Sovereign Wealth Fund Philippines Is Another Option To Help Government 39s Infrastructure Requirements , Inance Secretary Benjamin Diokno Said Thursday During The Philippine Economic Briefing Attended By Managers , Fficials Of Financial Institutions , Nd Foreign Investors , Mong Others , In London , United Kingdom , Iokno Said The Wealth Fund Is Quot Designed To Initially , R Largely Our Infrastructure Needs For Generation Quot He Said The Government Wants To Take Advantage Of Availability Funds Onshore , Hich Is On Top Of The Financing That Government Can Borrow From Such Multilaterals As World Bank Wb And Asian Infrastructure Investment Aiib Quot But We Havea Lot Money Within Country For Example , Ad We Used The Malampaya Fund To This Wealth , Hat 39s About Usd20 Billion We Could Have Used That , Uot He Said The Malampaya Fund Consists Of What Government Gets From Profits Deep Water Gas To Power Project In Palawan It Is Used For Energy Resource Development And Exploration Program Estate , Mong Others Other Possible Funding Sources For The Proposed Wealth Fund Are Dividends From Government Owned And Controlled Corporations Goccs ,