Marcos flies to Switzerland for World Economic Forum

Photo from Office of the President
Photo from Office of the President

PRESIDENT Ferdinand “Bongbong” Marcos Jr. left on Sunday, January 15, 2023, for Davos, Switzerland to attend the World Economic Forum (WEF) where he is expected to meet various government and business leaders and strengthen partnerships with them.

Marcos is traveling with his wife, First Lady Liza Araneta Marcos, and members of his economic team.

In his speech, he said he will look for partners, particularly investors who will support his plans in building more infrastructure in the country and ensure food and energy stability.

He said he will put forward the country’s readiness to play a role in regional and global expansion plans as nations emerge from Covid-19 pandemic impacts.

“The World Economic Forum is hosting a Country Strategy Dialogue for us where we are given the opportunity to promote the Philippines as leader and driver of growth and a gateway to the Asia-Pacific region -- one that is open for business -- ever ready to complement regional and global expansion plans of both foreign and Philippine-based enterprises anchored on the competent and well-educated Filipino workers, the managers, and professionals,” he said.

“I will draw attention to our efforts at building resilient infrastructure that bolsters our effort to reinforce robust and resilient supply chains, ensures food security, including critical interlinkages with the health and nutrition sectors, while furthering climate-friendly, clean and green energy to power the Philippine economy,” he added.

The President said he will also share to the world the country’s experience in managing both the disruptive and transformative impact of the coronavirus disease (Covid-19) pandemic and how the country prepares for the possible next one.

Marcos highlighted the need to collectively bolster and reinforce the post-pandemic economic recovery efforts by addressing the current major challenges, such as rising food prices as a result of conflict in other parts of the world, and the continuing existential threat posed by climate change.

The top government official will also be exchanging views on pressing issues with other government leaders, policymakers, business executives and entrepreneurs, as well as civil society advocates and academic experts.

Earlier, Department of Foreign Affairs (DFA) Undersecretary Carlos Sorreta said Marcos had told them that he will bring up discussions on the proposed Maharlika Wealth fund during his attendance in the event in order to possibly attract more investors for the country.

Marcos earlier certified House Bill 6398, which seeks the establishment of the Maharlika Wealth Fund, as urgent.

Under the proposed measure, the funds, which will be invested in real estate and financial assets, will be sourced primarily from contributions from different government agencies. (SunStar Philippines)


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