 In 2015, 601 billion U.S. dollars in remittances were sent worldwide, of which 441 billion were sent to developing countries. Global remittances to developing nations amount to three times the amount of international aid. The cost of remittances is highest, however, in Sub-Saharan Africa and Pacific Island countries. For example, for every 100 dollars sent to Africa, 12 will be deducted in fees. In some countries, fees can even increase to as much as 90 dollars, with only 10 dollars received by the intended recipient. At the International Organization for Migration, we advocate for reducing remittance costs and improving access to remittance services. We must focus our attention on the receiving end of family remittances to further help meet the economic, social and environmental challenges confronting developing countries. We must encourage the private sector to facilitate financial services for migrants and their families.