Aid retains an important role in helping to initiate development in poor countries and also to help in coping with humanitarian crises. By way of example, it was estimated a few years ago that meeting the Millennium Development Goals alone would require an extra 50 billion dollars per year of official development assistance. Some significant pledges of additional assistance toward this end were made around the time of the UN Conference in Monterrey on Financing for Development by important donors like the U.S. and the EU; however, significant gaps remain both with respect to the amounts of aid required and with respect to the institutional mechanisms needed to transfer and allocate the resources so as to maximize their development impact. The Center will seek to be involved in discussions pertinent to filling those gaps.

Monterrey Consensus

UN Millennium Project