This is the last report from the Standing Panel on Impact Assessment (SPIA) to the CGIAR annual meeting. It provides a picture of its activities from 2001 to 2002 and it offers suggestions for maintining continuity and an active program during the transition to a new impact assessment entity. The report discusses the Environmental Impact Study, the Germpalsm Improvement Impact Study, training evaluation and impact assessment, impacts of the CGIAR on poverty alleviation. The report also discusses the future of impact assessment. This report was discussed at the business meeting at AGM02.