Company Research Report: International Organization for Migration (IOM)

Company Overview

• Name: International Organization for Migration (IOM)

• Mission: To deliver on the promise of migration, while supporting the world's most vulnerable. IOM is committed to the principle that humane and orderly migration benefits migrants and society.

• Founded: 1951

• Founders: Initiated by Belgium and the United States, resulting in the creation of the Provisional Intergovernmental Committee for the Movement of Migrants from Europe (PICMME).

• Key People:

• Director General: Amy Pope, first woman to hold this position

• Headquarters: 17 Route des Morillons, 1211 Geneva 19, Switzerland

• Number of Employees: Over 20,000

• Revenue: Annual operating budget of approximately USD 3 billion

• What the Company is Known For: IOM is the leading intergovernmental organization in the field of migration, known for promoting humane and orderly migration as well as being a key source of advice on migration policy and practice.

Products and Services

• Products and Services Offered:

• Support to Migrants: Provides support through in-kind aid, policy advice, and development support.

• Capacity Building within Governments: Helps governments manage all forms of mobility.

• Emergency Response: Develops resilience among people on the move in emergency situations.

• Research and Data Management: Provides data and insights on migration patterns and dynamics.

Key Features

• Displacement Tracking Matrix (DTM): Provides tracking and assessment of mobility trends in over 100 missions globally.

• Migration Health Assessments: Ensures safe migration through health screenings and proactive healthcare.

Recent Developments

• New Strategic Directions:

• The new IOM Strategic Plan 2024-2028 focuses on three main objectives: saving lives and protecting people on the move, driving solutions to displacement, and facilitating pathways for regular migration.

• Recent Initiatives:

• Climate Actions: IOM plays an advisory role in the recently approved Loss and Damage Fund at COP28.

• Partnerships: Strengthening of partnerships with multinational companies and introduction of IOM's Goodwill Ambassadors programme.

• Innovation: Launch of a Diaspora Mapping Toolkit and institutional focus on diaspora engagement across multiple countries.

• Achievements:

• For 2023, IOM reached over 31 million people across 168 countries through its crisis response operations.

• Secured USD 30 million in private sector funding and scaled up 33 private sector partnerships.

Financial Overview

• Funding Structure:

• Top contributors include the United States, European Commission, and Germany among others.

• Growth Indicators:

• An 18% increase in total combined revenue from 2022.

• Significant contributions from assessed and voluntary funding sources.

This report captures IOM's multifaceted role in managing migration globally, emphasizing its mission, innovative approaches, and significant impact through comprehensive service offerings and partnerships.