The role of remittances in achieving the SDGs.
The 2030 Agenda for Sustainable Development , adopted in September 2015, is a global commitment to eradicate poverty and achieve sustainable development by 2030 , ensuring that no one is left behind. Its 17 specific Sustainable Development Goals (SDGs) address the major challenges facing the world today. SDG 10.c commits, by 2030, to reduce to less than 3% the transaction costs of migrant remittances and eliminate remittance corridors with costs higher than 5%. Migrant remittances, however, contribute directly and indirectly to several SDGs in addition to 10.c, as outlined in IFAD’s Remittances, investments and the Sustainable Development Goals report.