Liechtenstein joins GFEMS in the Fight to End Modern Slavery

Liechtenstein joins GFEMS in the Fight to End Modern Slavery

  • Global Finance
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    The Government of Liechtenstein has announced a contribution to the Global Fund to End Modern Slavery (GFEMS) to support the bold vision of an international fund and accelerate efforts to end modern slavery by making it economically unprofitable.

    GFEMS is proud to welcome Liechtenstein to the Fund and looks forward to working together closely. Liechtenstein has demonstrated global leadership and a commitment to innovation in addressing modern slavery.

    In 2017 Liechtenstein signed the call to action to end modern slavery issued by the United Kingdom at the UN General Assembly. Following the call to action, Liechtenstein launched the Financial Sector Commission on Modern Slavery and Human Trafficking. GFEMS served on the Commission throughout 2019 and contributed to the Blueprint which was released at UNGA in September of 2019. GFEMS remains committed to mobilizing the financial sector as a critical component of the coherent global strategy to end modern slavery.

    This newly announced contribution to GFEMS further demonstrates the Liechtenstein government’s public commitment to ending modern slavery. The Liechtenstein Government’s contribution will support innovative efforts to mobilize the financial sector.

    “GFEMS welcomes Liechtenstein’s leadership and partnership as we build global momentum towards ending modern slavery alongside governments, civil society, and companies around the world,” said GFEMS Board Chair Jean Baderschneider. “Their commitment to mobilizing the financial sector by both tracking illicit financial flows to deny traffickers profits and by promoting responsible investment in companies acting in good faith to address forced labor risks in supply chains is a key component of sustainably ending modern slavery.”

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