Govt Works To Source More Money To Capacitate National Water Fund
National Water Fund plays a critical role in supporting the development and sustainability of water supply systems throughout Tanzania
THE government is working to source enough funds to capacitate performance of the National Water Fund (NWF).
The Deputy Minister for Water, Engineer Kundo Mathew informed that among the strategies that the government is currently undertaking to get the needed increased funds include investing in bonds and developing project proposals to attract financing from international climate funds.
According to him, the ongoing efforts has already realized good results, with 17.35 million US dollars secured through the African Development Bank’s (AfDB) Climate Change window.
Eng. Methew unveiled the development in the Parliament while responding to a question from Bahi MP Kenneth Nollo (CCM).
In his key question, Mr Nollo wanted to know when the government would introduce a bill to ensure the Water Fund has a reliable source of financing.
Responding, Eng. Methew expressed that while the fund already receives steady financing from a levy of 50/- per litre on diesel and petrol sales, the government is committed to expanding these sources to ensure sustainable funding for water infrastructure projects across the country.
He noted that, the primary reliable source of funding for the National Water Fund is the 50/- levy from diesel and petrol sales.
In order for the government to heighten the fund’s capacity, he said it has decided to initiate additional strategies, including bond investments and project proposal development aimed at accessing global climate financing.
“The efforts are part of a broader government strategy to ensure the fund fulfills its mandate of supporting water supply projects, especially in underserved and rural areas,” he said.
He said the National Water Fund plays a critical role in supporting the development and sustainability of water supply systems throughout Tanzania.
“With climate change and population growth increasing pressure on water resources, reliable and diversified funding is essential,” he insisted.
ABOUT NATIONAL WATER FUND
The national Water Fund (NWF) is an established agency responsible for mobilizing resources and providing investment support for water services provision, and the management of catchmenment areas serving water supply abstractions. The agency has been established by the Water Supply and Sanitation Act No. 5 of 2019, which became effective on 01 July 2019.Â
The Permanent Secretary of the Ministry of Water invites qualified candidates to apply for the position of Chief Executive Officer of the National Water Fund.
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