In this report, we present the findings of phase two in a multi-year evaluation of UNHCR’s engagement in humanitarian-development cooperation (also known as the Nexus approach). During this phase, which ran from 2021 through 2022, the evaluation team at GPPi and the International Security and Development Center (ISDC) tracked to what extent and how successfully UNHCR has followed up on the recommendations that came out of the first evaluation phase. Moreover, we generated new evidence on lessons learned, good practices, and the effects of humanitarian-development cooperation on affected people.