To support SEEA implementation and help countries move
towards a natural capital accounting, the World Bank
initiated a global partnership called Wealth Accounting
and the Valuation of Ecosystem Services (WAVES). WAVES
aims to use internationally recognized methods and follow
a five-step implementation process in each of the partner
countries by building political will, building institutional
ownership, assessing policy entry points, designing a work
plan, and mainstreaming information generated to inform
policy debates among diverse stakeholders. So far there
are five WAVES partner countries – Botswana, Colombia,
Costa Rica, Madagascar, and the Philippines - that are now
starting to implement their work plans