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MANILA, Philippines — The government has released the implementing rules and regulations (IRR) that will govern the execution of the Maharlika Investment Fund (MIF), the country’s first. The good news is that proponents of the Maharlika Wealth Fund listened to the public’s concerns over the proposed sovereign wealth fund. The Philippines has recently taken a significant step towards economic advancement with the establishment of Maharlika Investment Fund for its first sovereign wealth fund, the Maharlika Investment Fund (MIF). Perhaps Quimbo’s biggest controversy yet involves her efforts to defend the release by the Department of Budget and Management (DBM) of contingent. timawa. THE implementing rules and regulations (IRR) of the Maharlika Investment Fund (MIF) Act of 2023 have been released and will take effect next month, Finance Secretary Benjamin Diokno said on Tuesday. 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