This report provides an update on the activities of the Secretariat for the period from 1 October to 31 December 2020. It summarizes progress against the overarching goals and priorities identified in the Secretariat’s 2020 work programme, as well as tracking key performance indicators identified in the work programme results framework.

The report also includes: (i) an updated key performance indicator tracker against the 2020 work programme targets (annex I); (ii) the list of GCF cooperation agreements currently in effect (annex II); (iii) a description of the GCF project risks management systems (annex III); (iv) a summary of consultation comments received on the first sector guides (annex IV); and (v) an overview of GCF ICT systems (annex V).

The report contains three addenda: (i) the status of accreditation master agreements and funded activity agreements (limited distribution Add.01), the report on the execution of the administrative budget (Add.02), and the report on the implementation of the USP (Add.03).