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We are now midway between the adoption of the MDGs and the 2015 target date and available evidence indicates that African countries will not meet the goals if current financing trends continue. Consequently, the international community has now focused attention on how to scale up financing for the continent. It has been acknowledged that the implementation of the commitments in the Monterrey Consensus is critical to achieving this objective. Thus the theme of Africa and the Monterrey Consensus: Tracking Performance and Progress was chosen for Economic Report on Africa 2008, which is the second report produced in collaboration between the United Nations Economic Commission for Africa and the African Union Commission.