This document presents the findings of the Secretariat-led overall review of Green Climate Fund (GCF) policy frameworks, as requested through decision B.24/04 as part of the workplan of the Board for 2020-2023. The review takes stock of the context for policy development and implementation at the GCF, and examines the coherence, implementation and impact of GCF policies. The report includes recommended areas of action, some for implementation by the Secretariat and others for the Board’s consideration as part of updated strategic planning and Board work planning.