IOM and Remittances: Definition, Scale and Importance of Remittances

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Recognizing that remittances are, above all, private funds, but which also offer development possibilities for entire communities and countries, IOM’s aim in the area of migrant remittances is to facilitate the development of policies and mechanisms that:

- improve remittance services to migrants.
- enhance the development impact of remittances.

In partnership with governments, migrants, migrant associations, financial institutions and donors, IOM seeks to implement its aims through generating research to support policy and programme development, policy dialogue and the sharing of good practices, capacity building and pilot projects.