A working group is formed to begin assigning specific tasks that will help advance the development of technical studies and facilitate and promote the water fund. The main functions of this working group may be the following: preparing a work plan that includes a detailed timeline with the legal establishment of the fund as its final activity, conducting meetings to coordinate strategies and define next steps, analysing alternatives for the preparation of initial studies, informing stakeholder institutions about the status of the fund’s establishment and analysing and facilitating the incorporation of new members to the working group. The working group’s composition should be duly formalized through a Memorandum of Understanding or similar instrument.