This report contains information on the outcomes of the work of the Standing Committee on Finance (SCF), including its meetings, in 2017. It also contains: the expert input to the sixth review of the Financial Mechanism; the two draft decisions containing draft guidance to the operating entities of the Financial Mechanism; the recommendation on frequency of guidance to the Global Environment Facility; the draft outline of the 2018 biennial assessment and overview of climate finance flows and information on the extended workplan of the SCF on the measurement, reporting and verification of support beyond the biennial assessment and overview; the summary report on the 2017 SCF forum; information on the next forum of the SCF; the self-assessment report of the SCF on the review of its functions and recommendations on improving its efficiency and effectiveness; the workplan of the SCF for 2018; and a list of the members of the SCF.