The Importance of the Monterrey Conference

This article provides details of the background, objectives and main topics of the International Conference on Financing for Development, as well as the structure and achievements of this event. It stresses that the primordial objective was the search for viable options to promote the mobilization of financial resources intended for promoting economic growth and attaining the goals of global development in order to eradicate poverty. The text describes the central assertions of the Monterrey Consensus and the most important proposals of the Conference, which signified the formalization of the dialogue between the UN and the main international financial agencies.