Private Sector Involvement

The private sector plays an increasingly important role in addressing migration-related challenges and harnessing the development benefits of migration. Private sector actors are the main generators of jobs in the Global South and act as recruitment agencies or government intermediaries.

They also contribute to the well-being of migrants and forcibly displaced persons by providing migrant-centred services and products, such as innovative fintech solutions to facilitate the accessible, speedy, and affordable transfer of remittances.

With its unique skills, resources and expertise, the private sector can be a key actor in public-private development endeavours.

SDC Engagement

The SDC includes the private sector in its programmatic and policy work. It supports the private sector in adopting human-rights based practices in recruitment, in upskilling efforts for migrants, innovating migrant-centric financial products, mobilizing diaspora to invest in their home countries and finding durable solutions for refugees.

The SDC also promotes the participation of the private sector in global, regional and national policy discussions.

The SDC and private sector co-finance migration programmes to reach social impact. Through the modality of impact-linked finance, the SDC nudges the private sector to focus more on migrant women as customers in the financial sector.