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Monterrey Consensus

Published March 22, 2002

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Consensus

Monterrey Consensus

The UN Development Fund for Women states, “The 2002 Monterrey Consensus on Financing for Development was the first major attempt by UN Member States and the international community to integrate trade, monetary and financial matters into a consolidated framework for achieving development results. The Consensus addresses financing for development (FfD) under six themes: domestic resource mobilization, mobilization of foreign resources, international trade, development assistance, external debt, and systemic issues. It links economic and human development objectives, including gender equality, and integrates all sources of development financing, with a strong emphasis on the need for developing countries to take the lead in determining the use of funds.” It was adopted on March 22, 2002.