The present report presents an overview of steps taken by the United Nations Environment Programme since the twenty-sixth session of the Governing Council/Global Ministerial Environment Forum, in consultation with relevant stakeholders, on issues related to the accountability and financial and administrative arrangements between UNEP and the multilateral environmental agreements for which UNEP provides the secretariat or performs secretariat functions. It was prepared in pursuance of paragraph 18 of decision 26/9 of 24 February 2011.