Financing for development : a progress report on the implementation of the monterrey consensus
Author(s)/Corporate Author (s)United Nations. Economic Commission for Africa.;
African Union Commission;
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This report assesses the progress that Africa and its development partners have made towards achieving the targets in the above-mentioned areas, and proposes broad policy options for improving Africa’s development finance framework in each of them. It builds on previous similar reports for the African Union (AU) Conference of Ministers of Economy and Finance and United Nations Economic Commission for Africa (ECA) Conference of African Ministers of Finance, Planning and Economic Development. The report looks at Africa’s performance within the context of the ongoing global financial and economic crisis, as well as the European debt crisis. The approach used consists of tracking trends in key macroeconomic and financial variables since Monterrey, and comparing their performance over the last decade against targets set under the Monterrey and subsequent related international commitments.