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Notes

i Professor of Water services management at UNESCO-IHE Institute for Water education, POBox 3015 2601 DA Delft, The Netherlands, tel. 31152151779 fax 31152122921 m.vandijk@unesco-ihe.org

ii A distinction should be made between the General obligation bonds, carrying full faith and credit of the issuing government and Revenue bonds, which rely on specified sources of revenues from facilities and services which are financed out of the bond proceeds and are usually issued by specific service or functional authorities.  The latter (revenue bonds) require user charges to generate the cash flow necessary

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