The Department of Information and Communications Technology (DICT) has tapped the state-run fund manager Maharlika Investment Corp. (MIC) to accelerate digital transformation across the country.

The agency said Wednesday that it signed a memorandum of understanding (MOU) with MIC last 15 July to finalize the deal that seeks to drive inclusive and sustainable development through investments in digital infrastructure and services.

“We will fulfill the promise of the President to the Filipino people to provide affordable Internet, from Batanes, Marawi to Caramoan Island, and everywhere that there’s a person who needs to go online,” DICT Secretary Henry Aguda said. 

“If we work together, our window for execution is very short, but the impact we will create for this country will be generational.”

MIC said it plans to support projects that deliver long-term returns while uplifting underserved areas, including geographically isolated and disadvantaged areas.

“This MOU marks a vital step toward building the digital backbone of our nation, one that delivers long-term, intergenerational impact,” said MIC President and CEO Rafael D. Consing, Jr.

“By prioritizing digital infrastructure today, we are not only enabling inclusive growth and innovation, but also securing opportunities for future generations of Filipinos.”