The WACA Platform has three functions, to facilitate and increase access to knowledge, expertise, global good practices, and technical assistance; To leverage and crowd-in financing for coastal resilience investments and to galvanize and provide a forum for dialogue and facilitate involvement of other key partners, including the private sector.

The World Bank works with partners to develop the Platform during an incubation period of 5 years, during which time it will identify and strengthen the capacity of host(s) to house and run the Platform in the future.