The Board of Investments (BoI) and the International Finance Corporation-World Bank (IFC-WB), recently signed a memorandum of understanding (MoU) for the development of investment policy, industrial promotion, and local supplier linkages in the country.

In a statement, the BOI said the MOU calls on the IFC to provide technical assistance and advisory support through a foreign direct investments (FDI)-centric industrial promotion by repositioning the Philippines as a competitive location for next generation investments.