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Manila Bulletin devider Business devider US consulting firms to aid MIC, DOF in digitalization

US consulting firms to aid MIC, DOF in digitalization

Published Apr 13, 2024 06:02 am

Two Washington-based international strategic advisory firms have indicated their readiness to support the Maharlika Investment Fund (MIF) in attracting investments and to assist the Philippines' digitalization efforts for revenue generation.

 

 

In a meeting with Finance Secretary Ralph G. Recto in Washington D.C., executives from McLarty Associates and Ankura Consulting explored potential collaborations to bolster the MIF and enhance the government's revenue generation initiatives.

The Department of Finance (DOF) reported that McLarty and Ankura offered strategic advisory services to the MIF to improve management practices, increasing investor engagement, and attracting more investments to the fund.

Additionally, the DOF said that both advisory firms have extended their support to the government in enhancing its digital systems to address tax fraud and enhance the efficiency of tax collection processes.

“A delegation from McLarty and Ankura is expected to visit the Philippines soon to further discuss partnerships on the said key areas,” the DOF said.

Meanwhile, Recto welcomed the firms' support to the government in its digitalization efforts and to help ensure the MIF achieves its primary objectives.

Representing McLarty was Vice Chairman John D. Negroponte, while Ankura was represented by Chairman of Latin America & Caribbean, Fernando L. Batlle.

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Department of Finance (DOF) ralph recto Finance Secretary
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