In response to the Board’s request under decision B.21/18, the Secretariat has prepared this comprehensive report on the implementation of the GCF initial Strategic Plan. The initial Strategic Plan was adopted by the Board at its twelfth meeting to cover the GCF initial resource mobilization period (2015–2018). The report serves in lieu of the annual report on the implementation of the Strategic Plan for 2018.

The report highlights the substantial progress made in delivering the initial Strategic Plan, alongside challenges, lessons learned and areas requiring further work or reform. The report also presents some reflections to inform the Board’s development of an updated Strategic Plan for the first replenishment period. Finally, this report takes into account the understanding that progress in delivering on the initial Strategic Plan will also form part of the performance review that is currently being undertaken by the GCF Independent Evaluation Unit.