Water Resources Development Fund (WRDF) is a semi-autonomous public body established in January 2002, with proclamation no.268/2002, to serve as a strategic financial wing of the sector in the financing of urban water supply and irrigation development projects through centrally administering resources mobilized for the purpose from different sources on the basis of cost recovery principle. Thus, WRDF provides long term loans by pooling external and local resources, for town water and sewerage enterprises as well as irrigation water users associations for the development of urban water supply and sanitation and irrigation development projects, which fulfill its lending criteria and collect the loan on time to finance similar projects there by create a sustainable water revolving fund in the country. However, due to lack of regulatory provisions in cost recovery of irrigation schemes and resource constraint, WRDF did not yet extend loan to Irrigation Water Associations to finance irrigation schemes.
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Employee Count: 3
Keywords: government administration