This report covers the technical assessment of the voluntary submission of Malawi on its proposed forest reference level (FRL) in accordance with decision 13/CP.19 and in the context of results-based payments. The subnational FRL proposed by Malawi 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. The FRL presented in the submission, which is the net emissions from the three activities, corresponds to 4,500,682, 4,831,639, 5,162,597, 5,493,554 and 5,824,511 tonnes of carbon dioxide equivalent per year for 2017, 2018, 2019, 2020 and 2021, respectively. The assessment team notes that the data and information used by Malawi in constructing its FRL are partially transparent and partially complete and thus in partial accordance with the guidelines contained in the annex to decision 12/CP.17. This report contains the assessed FRL 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.