Announcing the G20 Advisory Working Group Against Modern Slavery
$30Billion by 2030
To achieve sustainable development, vulnerable populations must be protected, and prevented from becoming victims of exploitation.
A call to invest US$30B every year by 2030 in needed prevention and justice mechanisms against modern slavery.
Videos about ‘$30B by 2030’
Kevin Hyland OBE highlights the crucial lack of resources to combat modern slavery and human trafficking. It is time for the G20 and supporting countries to devote at least $30 billion every year to the fight against human trafficking, instead of $1 billion today! We want to see this in place by 2030.
This conference was organized by the Permanent Observer Mission of the Sovereign Order of Malta to the United Nations in New York in collaboration with Global Strategic Operatives, and co-sponsored by the Permanent Missions of France, Mexico, Liechtenstein, Mexico, Nigeria, the Philippines as well as FAST Initiative (Finance Against Slavery and Trafficking).
It is nearly 25 years since the Palermo Protocol to Prevent, Suppress and Punish Trafficking in Persons was first drafted and 95 years since the International Labour Organisation (ILO) Forced Labour Convention. In 2008, the ILO estimated that out of 12.4 million people in forced labour, 2.5 million were trafficked accounting for approximately US $32 billion in profits. Today, the estimate is 27.6 million in all forms of forced labour accounting for $236 billion in profits. These huge increases strongly indicate that strategies to protect the vulnerable and combat-forced labour and trafficking have not been effective.
Kevin Hyland OBE, with a panel of experts, discusses the success and failures in the fight against modern slavery and human trafficking. He calls for $30Billion per year to be invested by 2030.
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Altogether, around 2 billion workers worldwide are informally employed, accounting for 61 per cent of the global workforce.
According to the most recent estimates, in 2023 almost 700 million people around the world were subsisting on less than $2.15.
ILO’s report estimates the profits generated from forced labour in the world in 2024. These profits reflect the wages effectively stolen from the pockets of workers by the perpetrators of forced labour through their coercive practices.
https://www.ilo.org/publications/major-publications/profits-and-poverty-economics-forced-labour