The Model International Mobility Convention (MIMC) is a unique and aspirational document that has the capacity to address a number of challenges related to forced migration. It is not a panacea for all migration-related concerns, and States will surely take issue with some parts of it. That said, its timing is critical: it comes at a moment when the world is increasingly focused on migration as a political, security and economic issue. Migration, and forced migration in particular, is no longer a side issue that is left to human rights activists and humanitarians; it is at the center of a range of negotiations that are now viewed as crucial to peace and stability. This commentary focuses on how the MIMC engages with socioeconomic issues in protracted refugee situations (PRS). It considers the main concerns that are raised by protracted situations, and then outlines how the Convention approaches them. It concludes by offering a discussion of places for improvement, as well as current challenges to preventing situations from becoming protracted, and ending those that are ongoing.