International migration and increases in remittances show no signs of slowing in the coming years. Research clearly demonstrates a relationship between migration, remittances, and economic development. Recipients of remittances have an increased likelihood of having savings, and those that receive larger amounts are more likely to also have bank accounts and investments. There is, however, still a large unmet demand for appropriate financial products and services. Attempts are being made to estimate the size of flows, to intermediate these flows vis-à-vis regulatory and development finance frameworks, and to develop policy instruments that can enhance their impact on development.