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Preheat oven to 375°F.
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Spray a 15x10x1-inch baking pan.
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Line pan with wax paper; spray paper.
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Mix flour, baking powder and salt in small bowl. Set aside.
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Beat eggs in large bowl with electric mixer on high speed until very thick.
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Gradually beat in granulated sugar, then 5 tablespoons of the water and vanilla.
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Gradually beat in flour mixture on low speed until well mixed.
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Spread evenly in prepared pan.
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Bake 14 to 15 minutes or until toothpick inserted in center comes out clean.
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Place clean kitchen towel on work surface; dust with 2 tablespoons of the confectioners' sugar. Loosen cake around sides of pan with small knife. Turn out onto sugared towel, wax paper-side up.
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Fold 1 side of towel over short side of cake, then roll up cake jelly-roll style.
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Cool cake 15 minutes.
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Place guava paste and remaining 1 tablespoon water in small microwavable bowl. Microwave on HIGH 30 seconds.
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Stir until guava paste is melted and smooth. Set aside.
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Unroll cake onto towel.
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Peel off wax paper.
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Spread cream cheese evenly over cake.
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Top with melted guava paste and spread evenly.
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Using towel, roll up cake and place seam-side down on serving platter.
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Sprinkle cake with remaining 2 teaspoons confectioners' sugar
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Serve and enjoy!