Monterrey Consensus of the International Conference on Financing for Development

A/CONF.198/3, annex I
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Year of adoption: 2002
Year of entry into force:
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1. We the heads of State and Government, gathered in Monterrey, Mexico, on 21
and 22 March 2002, have resolved to address the challenges of financing for
development around the world, particularly in developing countries. Our goal is to
eradicate poverty, achieve sustained economic growth and promote sustainable
development as we advance to a fully inclusive and equitable global economic
system.

2. We note with concern current estimates of dramatic shortfalls in resources
required to achieve the internationally agreed development goals, including those
contained in the United Nations Millennium Declaration.

3. Mobilizing and increasing the effective use of financial resources and
achieving the national and international economic conditions needed to fulfil
internationally agreed development goals, including those contained in the
Millennium Declaration, to eliminate poverty, improve social conditions and raise
living standards, and protect our environment, will be our first step to ensuring that
the twenty-first century becomes the century of development for all.

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