This report covers the technical assessment of the voluntary submission of Panama on its proposed forest reference level (FRL) in accordance with decision 13/CP.19 and in the context of results-based payments. The FRL proposed by Panama covers the activities “reducing emissions from deforestation”, “reducing emissions from forest degradation”, “conservation of forest carbon stocks”, “sustainable management of forests” and “enhancement of forest carbon stocks”, which are the activities included in decision 1/CP.16, paragraph 70.

For its submission, Panama developed a national FRL for its entire territory. The FRL presented in the original and modified submissions, for the reference period 2006–2015, corresponds to –20,433,129.66 tonnes of carbon dioxide equivalent per year.

The assessment team notes that the data and information used by Panama in constructing its FRL are generally transparent, complete and in overall accordance with the guidelines contained in decision 12/CP.17, annex. 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 decision 13/CP.19, annex.