Senator Mark A. Villar, author of Senate Bill 2020, also known as the Maharlika Investment Fund (MIF) bill, is confident that the measure would be approved on third reading this week. “We have carefully studied and analyzed the MIF bill. We made revisions and added more safeguards to ensure that the version will benefit the Filipino people.” Villar said. He also cited numerous benefits that the country would attain once the MIF bill is passed into law. "Actually, there are a lot of benefits that we can get from the MIF,’’’ he pointed out. Villar stressed that the MIF would create more jobs, more infrastructure projects mean more job opportunities for Filipinos. Secondly, we will promote economic growth since better infrastructure leads to more efficient transportation, communication, and other systems,’’he said. "Also, this will be a vehicle to reduce poverty, this would help the government manage its budget and mitigate fiscal pressures during economic downturns as it acts as a safety net for the country,’’ he added. Villar also pointed out that the MIF might be used to invest on sectors such as agriculture and energy. “Ang kapalit ng pondo natin ay investment hindi lang sa imprastraktura kung hindi pati sa agrikultura at enerhiya na kailangan na kailangan na natin (The returns from this fund is investment not only on infrastructure but also on agriculture and energy). This is what the Mahaklika is there for, it’s to generate jobs and generate investments in the sectors that lack investment.” He said. Villar also mentioned that other benefits from the Maharlika Investment Fund would include capital accumulation, sustainable development, economic stability, financial sustainability, foreign investments and reduction of foreign debt.