What is the Monterrey Consensus?
The World Bank estimates aid should increase by $50bn to resource the main aim of the Millennium Development Goals: containing the number of people living upon less than $1 a day by 2015 year. The Monterrey Consensus agreed through 170 countries agreed a modern global approach to financing development as like the Monterrey Consensus
• Global free trade and private investment control and manage the key to development.
• To be eligible for debt reduction less developed countries should first undertake political, economic and legal reforms to create markets and trade work.