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Empowering Migrant Workers: Feasibility Study of Innovative Financing Mechanism on Labour Migration
The Report of Empowering Migrants: Feasibility Study of Innovative Financing Mechanism on Migration
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February 13, 2024
UNDP with the Ministry of Foreign Affairs, conducted a feasibility study to examine the potential of mobilizing innovative financing strategies to support migration in Indonesia. It explores possibilities of harnessing resources from both the public and private sectors. This includes tapping into diverse funding sources such as local and village-level funds, philanthropic contributions, investments from impact and angel investors, and donations from religious organizations. This study presents viable opportunities for innovative migration financing in Indonesia, spanning various phases of the migration process—pre-departure, during migration, and post-return stages. The goal is to effectively bridge the financing gap in Indonesian migration, providing practical solutions to the financial barriers faced by many prospective migrants.