Developing a Public Private Partnership Approach to Increase Financial Inclusion for Modern Slavery Survivors in Mexico
Pescinski, Janina and Vaughn, Leona (2024). Developing a Public Private Partnership Approach to Increase Financial Inclusion for Modern Slavery Survivors in Mexico. United Nations University.
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Sub-type Research brief Author Pescinski, Janina
Vaughn, LeonaTitle Developing a Public Private Partnership Approach to Increase Financial Inclusion for Modern Slavery Survivors in Mexico Publication Date 2024-03-14 Place of Publication New York Publisher United Nations University Pages 16 Language eng Abstract This UNU-CPR Insight Briefing provides an overview of a pilot intervention in Mexico to widen access to basic banking services for modern slavery survivors. Improving the financial inclusion of victims/survivors of modern slavery, as well as others vulnerable to exploitation, is an important aspect of reducing and preventing trafficking and slavery, and as such, can contribute to improving the economic health of a country. It is, moreover, an essential part of protecting survivors and supporting their financial recovery, reintegration, and access to remedy. The Briefing outlines the approach that UNU-CPR’s Finance Against Slavery and Trafficking (FAST) initiative took to initiate a pilot intervention: establishing a working group of Mexican stakeholders to initiate the pilot’s development; undertaking desk-based research on modern slavery and financial exclusion; and drafting a concept note that summarized key findings on modern slavery and financial inclusion in Mexico. This concept note was shared to mobilize stakeholders across various sectors, including government, international organizations, financial institutions, and NGOs. Implementation of the pilot helped to identify several key insights/recommendations that can inform similar initiatives moving forward. These include: - Building a multistakeholder coalition across the public and private sectors was key – building understanding of survivor needs, informing financial institutions about those needs, and getting government buy-in on regulatory best practices. - Taking a collaborative, staged approach – which helped increase awareness about modern slavery-related challenges and the obstacles survivors faced while also strengthening the commitment of different stakeholders. - Sharing insights across jurisdictions: FAST used its global reach to share critical lessons and best practices. Keyword Modern slavery
Finance
Trafficking in persons
Mexico
Financial accessCopyright Holder United Nations University Copyright Year 2024 Copyright type Creative commons -
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