This report is a deliverable under the Terms of Reference – SmartFarm M&E Framework Development, dated June 2013. The purpose of this report is two-fold. Primarily, to set out a monitoring and evaluation (M&E) framework and strategy for the World Fish Center’s SmartFarm project. Secondarily, to link this framework and strategy to the wider CGIAR Climate Change, Agriculture and Food Security (CCAFS) Project and Aquatic Agricultural Systems (AAS) program, under which SmartFarm is a key component, as well as to existing World Fish M&E approaches. Recommendations to support progress towards a more integrated, flexible and transformative M&E institutional approach that incorporates a climate change lens are included.