16 Philippine Water Revolving Fund (PWRF) USAID and JBIC started Feasibility Study (F/S) of WRF in the Philippines last year in preparation for the establishment of a full-scale revolving fund that will mobilize private sector funds USAID and JBIC play catalytic roles in WRF process Involvement of government and the private sector from the conceptual stage WRF is envisioned to finance creditworthy and semi-creditworthy water service providers
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