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Delivering the Monterrey Consensus

image of Delivering the Monterrey Consensus

This publication follows up the Monterrey Conference on Financing for Development, which mobilised commitment on the part of key donors and developing countries to advance the development agenda. The Monterrey Consensus requires effective followup on the part of donors, developing countries and international financial institutions. This publication is based on the Special Theme of the Commonwealth Finance Ministers’ Meeting “Delivering the Millennium Development Goals” held in London, September 2002. Professor Sen raises some “uncomfortable issues” regarding the soundness of the Monterrey consensus and the need for more inclusive and “interactive encounters” on the basic approach chosen. Ministers are warned that delivering the consensus “will demand from them more than simple midwifery”. Includes the report of Civil Society Consultations as an appendix.

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Old Problems and New Challenges

I do not doubt that the pursuit of the Monterrey objectives requires a good deal of basic rethinking, rather than some automated plan for ‘delivering the Monterrey Consensus’. The objectives involved are indeed extremely important – indeed critically so. The shortage of development resources in general, and the lack of development finance in particular, are certainly making it much harder to overcome the old problems and the new challenges that the world faces.

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