The Freedom Fund reported today that a commitment of $25 million was made by the U.S. Government to initiate the Global Fund to End Modern Slavery.
“The Global Fund will make critical resources available for international programs that will free and reintegrate those enslaved around the world, prevent individuals from being enslaved and enforce laws to punish perpetrators.”
Nick Grono, CEO of the Freedom Fund, said, “This commitment is a significant first step to address the paucity of government funding to fight modern slavery globally. We strongly support the establishment of the Global Fund to End Modern Slavery, and look forward to a successful partnership.”
Congress passed the End Modern Slavery Initiative earlier this year, which authorizes support for the Global Fund. The goal is to raise $1.5 billion from other donors. In the next three years, the Global Fund to End Modern Slavery plans to invest in and support many projects that will fight all kinds of modern slavery.
The profits from this massive crime is estimated to be $150 billion. Funding by the government amounts to $150 million. The need for more funding is paramount to address this global issue.