The 1986 UN Declaration on the Right to Development rather than resolve the question of whether there is a Right to Development further polarized the membership of the United Nations. The southern governments contend for a right to development while the rich countries of the North oppose the existence of such a right. In order to resolve this impasse and implement the Declaration, the UN appointed an Independent Expert on the Right to Development, Professor Arjun Sengupta, called for the establishment of a development compact between developed and developing countries. A development cooperation relationship already exists in the form of the Cotonou Partnership Agreement between the European Union and Africa Caribbean and Pacific Countries. This paper will conduct a comparative analysis of Sengupta’s development compact and the Cotonou agreement and will argue that while both share common features such as equality, non-discrimination and participation, their convergence ends with regard to the principle of accountability.