The Kenya Pooled Water Fund (KPWF) was established in 2017 to expand the pool of available financing beyond government and development partners who have been the main sector financiers to date.
KPWF planned to dedicate $100 million USD from the local capital market to finance several water and sanitation projects for the period 2018-2022. However, the bond contract was delayed multiple times between 2017-2019, and at the time the assessment covered in this brief was conducted, KPWF had not been able to fulfill its original mandate.
Thus, USAID sought to gain a better understanding of the challenges the KPWF process faced and the contextual realities that made implementation difficult. USAID was particularly interested in understanding its own role in the KPWF including if it could have done anything differently that could have contributed to a different outcome and how to better support such efforts in the future. This is an executive summary of the findings.