The Geneva-based International Organization for Migration (IOM) is seeking funds from governments, private sector companies and individual donors, according to the announcement.
"The evidence is overwhelming that migration, when well-managed, is a major contributor to global prosperity and progress," IOM Director General Amy Pope said in a written statement. "We can and must do better."
The funding effort comes as the number of people forced to move reached 117 million by the end of 2022, including a record 71 million forcibly displaced within their own countries, IOM said in a report accompanying the appeal.
Illegal immigration and asylum have become contentious political issues in Europe, the United States and other nations in the past decade as more migrants have taken dangerous journeys across the Mediterranean and to the U.S.-Mexico border.
Pope, a former senior White House official, took the helm at IOM in October 2022 pledging to partner with the private sector to address migration issues.
As part of its fundraising goal, IOM is seeking $2.7 billion to prevent forced displacement, including in cases where people move due to climate change.
(Reporting by Ted Hesson in Washington; Editing by Mary Milliken, Kirsten Donovan)
By Ted Hesson
