Partnership in Practice: Financing for Development Results

In 2002, the original Monterrey Consensus on Financing for Development (FFD) helped orient development providers to more effective delivery of ODA. Two years after the agreement, the United States established the Millennium Challenge Corporation, as part of an effort to align the U.S. with the original FFD commitments. Today, the MCC has delivered 17 billion USD to 48 different countries and continues to hone its mission of development effectiveness in practice. As part of the fourth Financing for Development Conference, this event highlighted how the MCC, a key part of the U.S. Government, is partnering with countries to deliver Financing for Development results. The event objectives were to (1) provide an opportunity for the international community to share best practices, with MCC as a case study; (2) demonstrate how sustainable development can be achieved through international development cooperation; and (3) discuss how the global community can advance the progress in FFD4.