The PEFA Secretariat completed its regular six-monthly review of confirmed PEFA reports in December 2014 and also a first quarterly update of PEFA report activity for 2015. The cumulative number of assessments completed to at least a draft stage as of December 2014, was 398, and as of the end of March 2015, 418. Between June 2014 and December 2014, 21 assessments were completed to at least a draft stage. Nearly the same number (19) has been completed in the first quarter of 2015. Results for 2014 and the first quarter of 2015 are discussed in further detail below.