The document discusses key aspects of the project cycle for funding from the Adaptation Fund (AF), including: 1) The roles of Implementing Entities, which are responsible for oversight of AF-funded projects, and Designated Authorities, which endorse projects and can call off implementation if endorsement is withdrawn. 2) The project funding cycle from initial submission through implementation and monitoring, highlighting requirements for consultation, reporting, and addressing grievances. 3) Access modalities for funding including traditional international and direct access as well as programmatic and fully devolved enhanced direct access.