Since its adoption the Monterrey Consensus has become the major reference point for international development cooperation. The document embraces six areas of Financing for Development:
Some critics suggest that the US has ignored the Monterrey Consensus because the amount of US official development assistance (0.18% of its gross domestic product in 2008), is still well below the 0.7% target, which it endorsed in the Consensus. It is much lower than some other developed countries, especially those in Northern Europe. The United Kingdom, for example, reached its target of giving at least 0.7% of GNI in official aid in 2014.
The Monterrey Consensus was updated at Doha, Qatar in 2008, and again at Addis Adaba in 2015.
The Follow-up International Conference on Financing for Development to Review the Implementation of the Monterrey Consensus (Doha,Qatar, 28 November - 2 December 2008) was attended by some 40 Heads of State or Government, 9 Deputy Heads of State or Government, 50 ministers and 17 vice-ministers of foreign affairs, finance, development cooperation and trade, as well as other high-level officials of 170 States and major institutional stakeholders.