Report of the Global Environment Facility to the Conference of the Parties. Note by the secretariat.

1. The Conference of the Parties (COP), by decision 12/CP.2, adopted and thereby
brought into force a memorandum of understanding (MOU) between the COP and the
Council of the Global Environment Facility (GEF). The MOU provides, inter alia, that
annual reports of the GEF will be made available to the COP through the UNFCCC
secretariat.
2. In response to that provision, the GEF secretariat has submitted the report contained
in the annex, dated 15 August 2016. It is reproduced here as submitted, without formal
editing and with the original pagination.
3. The MOU also provides that the COP shall, pursuant to Article 11, paragraph 1, of
the Convention, decide on policies, programme priorities and eligibility criteria related to
the Convention for the Financial Mechanism, which shall function under the guidance of
and be accountable to the COP.
4. The MOU further stipulates that the COP will, after each of its sessions,
communicate to the Council of the GEF any policy guidance concerning the Financial
Mechanism approved by the COP.