COC

Focus Three: Global Economic Governance

Towards Improved Global Governance: Building on the Monterrey Consensus (2002)

Rethinking Bretton Woods | Fri, Apr 5, 2002

Towards Improved Global Governance: Building on the Monterrey Consensus (2002)

The global institutional architecture created in 1945 and enshrined in the UN Charter described a model for the design of international development policy that relied on the two basic principles of coordination and specialization.

Dramatic changes that have taken place since 1945 and meant a departure from the application of these principles, but those principles still make sense for the UN system. Building on the Monterrey Consensus, this presentation, delivered at a side-event attended by high level officials and civil society delegates in the occasion of the International Conference on Financing for Development, makes the case for building on the Monterrey Consensus to fully ensure such principles lead to enhanced global governance structures.

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