What does PWRF mean in FUNDS
The Philippine Water Revolving Fund (PWRF) is a financing mechanism to help tackle water supply problems in the Philippines. It was established by law in 2001 with the passage of Republic Act No. 9275, or the “Clean Water Act†which aimed to address water-related issues in urban areas and support sustainable water resources management across the country. It provides financial assistance to local governments and other public institutions for infrastructure projects that improve access to safe drinking water and sanitation services for Filipinos living in underserved communities.
PWRF meaning in Funds in Business
PWRF mostly used in an acronym Funds in Category Business that means Philippine Water Revolving Fund
Shorthand: PWRF,
Full Form: Philippine Water Revolving Fund
For more information of "Philippine Water Revolving Fund", see the section below.
What does it do?
The PWRF provides subsidies and concessional loan products for projects ranging from construction or upgrading of water networks, rainwater harvesting systems, waste treatment plants, river banks protection works and various other initiatives related to improving access to reliable sources of clean drinking water; as well as sanitation improvement activities such as sewerage systems and septage treatment/disposal plants. In addition, the fund also finances capacity building activities to enhance the local government's capacity in planning, implementing and monitoring their water investment programs. In order to ensure successful delivery of these programmes while guaranteeing sustainability, the PWRF adopts a risk-sharing mechanism between the Philippine government through its appropriating agency National Water Resources Board (NWRB), partner lenders such as Development Bank of the Philippines (DBPHI) and Local Government Units (LGUs).
Essential Questions and Answers on Philippine Water Revolving Fund in "BUSINESS»FUNDS"
What is Philippine Water Revolving Fund or PWRF?
The Philippine Water Revolving Fund (PWRF) is a financing program established by the World Bank to support sustainable water supply and sanitation services in the Philippines. It provides low-interest loans with flexible repayment terms to communities, government agencies and public-private partnerships.
Who is eligible for PWRF?
Eligible applicants include municipalities, government agencies, non-governmental organizations, public-private partnerships or companies that provide water services to urban or rural areas.
What are the criteria of eligibility?
Applicants must have an existing operation and management system in place as well as an operational plan for their proposed projects. They must also provide evidence of credit worthiness from its previous borrowings.
How large can loan amounts through the PWRF be?
Loan amounts through the PWRF range from US$100,000 up to US$20 million. Applicants should contact their local World Bank office for more information on specific amounts available for each project type.
What types of projects are eligible for a loan under the PWRF?
Eligible projects include those related to water supply infrastructure, sanitation systems and wastewater treatment systems as well as integrated water resources management initiatives.
Are there any other criteria I should consider when applying for a loan through the PWRF?
Yes! When applying for a loan through the PWRF, you should consider factors such as cost effectiveness and environmental sustainability. Your project must be technically feasible, economically viable and financially affordable in order to be approved.
Final Words:
The Philippine Water Revolving Fund is an invaluable tool addressing pressing needs among underserved communities regarding reliable access to clean drinking water and improved sanitation services. It facilitates implementation of high-impact interventions that have far reaching benefits for millions of Filipinos particularly those living in poverty stricken areas across the country. The fund's innovative approach further enhances efforts towards equitable service provisioning even in far-flung territories where access is scarce through blending subsidies with private sector investments making it a model of excellence not just within our region but globally as well.
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