This report covers the technical assessment of the voluntary submission of Nicaragua on its proposed forest reference emission level (FREL) in accordance with decision 13/CP.19 and in the context of results-based payments. The FREL proposed by Nicaragua covers the activities “reducing emissions from deforestation”, “reducing emissions from forest degradation” and “enhancement of forest carbon stocks”, which are among the activities included in decision 1/CP.16, paragraph 70. For its submission, Nicaragua developed a national FREL. The FREL presented in the original submission, for the reference period 2006–2015, corresponds to 16,510,883 tonnes of carbon dioxide per year. As a result of the facilitative process during the technical assessment, the FREL was modified to 14,436,009 tonnes of carbon dioxide per year. The assessment team notes that the data and information used by Nicaragua in constructing its FREL are transparent, complete and in overall accordance with the guidelines contained in the annex to decision 12/CP.17. This report contains the assessed FREL and a few areas identified by the assessment team for future technical improvement in accordance with the provisions on the scope of the technical assessment contained in the annex to decision 13/CP.19.