Monterrey Consensus

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The Monterrey Consensus is the result of the United Nations International Conference on Financing for Development Cooperation held from March 18-22, 2002 in Monterrey , Mexico . In addition to government delegations, the participants included envoys from the United Nations , the International Monetary Fund ( IMF ), the World Bank , the World Trade Organization ( WTO ) and representatives from private and civil society. It is one of the first conferences at which UN development finance was discussed.

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The final document is divided into sections on the

  • Mobilizing national financial resources (taxes)
  • Mobilizing international resources: foreign direct investment and other private inflows
  • International trade as a motor for economic development (see also World Trade Conference )
  • Increase in international financial and technical cooperation
  • External debt (see also HIPC Initiative and MDRI Initiative)
  • Systemic issues: improving the coherence and consistency of the international financial and trading system
  • and the follow-up process.

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