The Global Compact for Safe, Orderly and Regular Migration was approved in 2018 despite tensions in the field of international migration policies. The Global Compact supposes a historical achievement towards multilateralism that is inscribed in the logic of the progressive construction of a “world citizenship” (Kant, 1785). This article, after a brief synthesis of the process of formulating the Global Compact and its content, makes an assessment of it showing that, despite some limitations, the Global Compact is a great victory for multilateralism and that it lays the foundations of a “international social contract” (Cachón y Aysa, 2019b), which is based on the Universal Declaration of Human Rights, which contains political commitments that states must fulfill, which is a“ bank of ideas for politics ”(Slocum, 2017), and which must be the basis of the international conversation on migration policies. The text points out some dangers that its implementation process has in the “friendly field”: forgetfulness, trivialization, ignorance and contempt. The article ends by defending that the implementation of the Global Compact for Migration is the task of our generation in the immigration field.