This report makes the third yearof the implementation of the FCPF. The first three years have seen the development of the FCPF and REDD+ at the global and national levels. Remarkable progress was acheived in the UNFCCC , an international REDD+ Partnership was established, and global initiatives such as the FCPF, the UN-REDD Programme, the Forest Investment Program and the GEFs new SFM/REDD+ window were set up to assist forest countries in tackling the REDD+ challenge. Under this new international framework, dozens of forest countries have started formulating broad strategies and investing in activities on the ground.