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World Bank, ADB as investment...
PAGE 1 amenable to taking in the International Finance Corp. (IFC) of the World Bank and the investment arm of ADB as strategic partners instead of doing an initial public offering (IPO).
“In particular, let’s say if the fund gets to attract strategic partners like the IFC of the World Bank and the investment arm of the ADB, then the fund may actually be superior,” Medalla said.
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Furthermore, he pointed out that inviting multilateral lenders as partners and stakeholders of the fund would address the governance concerns of the proposed MIF.
“If you bring in partners like the IFC, it will be built in. So it really matters who your partners are,” Medalla added.
According to the BSP chief, the proposed MIF would be better than the National Development Co., which is the investment arm of the Philippine government. Medalla said key concerns
