Facilitation of the Development of a Funding Proposal for the Water Services Trust Fund (WSTF)
The objectives for which the Fund is formed are:
• To mobilize resources from bilateral and multilateral development partners internationally and from companies, organizations and individuals in Kenyan and abroad;
• To apply resources raised in funding the provision of water supply and sanitation to areas of Kenya that are currently underserved;
• To establish strong linkages with Water Service Boards to ensure pro-poor targeting and implementation of projects, transparency, accountability and equity while mainstreaming good governance, gender, HIV/AIDS and environmental conservation in the financing process;
• To strengthen the Fund’s institutional capacity to effectively function and upgrade staff skills.
The WSTF and Development Partners recently agreed to look afresh at the options of the format of funding between an accrual-based approach and a cash-based approach. This implies that funds will possibly be disbursed to WSTF against a cash flow projection of cash needs of the projects being implemented by the WSTF.