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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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Consensus and Doubts

One of the problems with the Monterrey pronouncement and the way it was hammered out is that it paid remarkably little attention to the possibility of reasoned diversity in the subject matter of the ‘Consensus’. I shall return to this issue presently, but I want to discuss before that another problem that has, I believe, weakened the impact of what happened in Monterrey. I apologise for continuing in a critical vein, but the basic objective of the Monterrey initiative (working jointly towards better financing of world development) can quite possibly be helped, rather than hindered, by an exacting scrutiny and frank assessment of what was achieved in Monterrey and what remains to be done.

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