Monterrey Consensus

The Monterrey Consensus is the result of the United Nations International Conference held on the financing of development cooperation from 18 to 22 March 2002 in Monterrey, Mexico. Participants in addition to government delegations and envoys of the United Nations of the International Monetary Fund (IMF ), the World Bank, the World Trade Organization ( WTO) as well as representatives of the private and civil society. It is one of the first conferences of development finance has been discussed in the framework of the UN.

Content

The final document is structured as follows in the sections on the

  • Mobilization of domestic financial resources ( taxes)
  • Mobilizing international resources: foreign direct investment and other private flows
  • International trade as an engine for economic development ( See also UNCTAD )
  • Increasing international financial and technical cooperation
  • External debt ( see also the HIPC Initiative and MDRI )
  • Systemic issues: enhancing the coherence and consistency of the international financial and trading system
  • And the follow-up process.
Heidemarie Wieczorek-Zeul Eurodad
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