Monitoring and evaluation will be critical for the CIF, and each Multilateral Development Bank (MDB) will follow its procedures for monitoring and evaluation. There will be annual reporting of the Clean Technology Fund (CTF) and Strategic Climate Fund (SCF) targeted programs by the MDBs to the Trust Fund Committees, and an independent evaluation of the operations of the Trust Funds and the impacts of its activities will be carried out jointly after three years of operations by the independent evaluation departments of the MDBs. Results achieved through the funds will be published and publicly available. Full reporting criteria will be agreed by the Trust Fund Committees.