“Bangko Sentral Governor Felipe Medalla has joined other economic managers in pushing the enactment of a bill creating a Maharlika Investment Fund. The joint statement was issued after the bill's proponents at the House of Representatives changed the contentious provisions that Medalla raised concerns on, such as funding sources, chairmanship and the number of independent members of the board.”
Felipe Medalla
Claim dated 9 Dec 2022.
Vera Files rated thisNeeds context
What Vera Files found
While Medalla did not categorically oppose the creation of the Maharlika Investment Fund (MIF), he earlier expressed reservations over the MIF, raising the issue of governance and the fund’s potential impact on the dollar reserves of the Bangko Sentral ng Pilipinas (BSP).
Their words, from the summary they publish with the rating.
In short
Felipe Medalla made this claim around 9 December 2022. Vera Files (Philippines) looked into it and published its finding on 12 December 2022, 3 days later. Its rating was “Needs context”.
Where the claim appeared
- dbm.gov.phhttps://dbm.gov.ph/index.php/secretary-s-corner/press-releases/list-of-press-releases/251…
Links recorded by Vera Files. Some posts may have been deleted since.
This check was done by Vera Files, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.