This report covers LoGRI’s progress and achievements from November 2023 to December 2024. Core highlights include LoGRI’s institutionalization and team building at the University of Toronto, the strengthening of strategic country engagements and partnerships, the publication of various knowledge products and reform tools, the expansion of LoGRI’s global presence, and lessons learned for the future. This report showcases LoGRI’s on-going commitment to supporting the development of effective, equitable, and transparent subnational revenue systems throughout lower-income countries.