The Addis Agenda pledges to facilitate the flow of remittances and commits to:
- Reduce the average transaction cost of migrant remittances by 2030 to less than 3 per cent of the amount transferred; and to ensure that no remittance corridor charges higher than 5 percent by 2030, while maintaining service coverage.
- Work to ensure that affordable financial services are available to migrants in home and host countries; to reverse the trend of banks withdrawing services; to increase coordination among national regulatory authorities to remove obstacles for non-bank remittance providers; to promote competitive and transparent market conditions
- Exploit new technologies and improve data collection.
These commitments are partly covered by the following means of implementation target under SDG 10c: By 2030, reduce to less than 3 per cent the transaction costs of migrant remittances and eliminate remittance corridors with costs higher than 5 per cent. The indicator measures remittance costs as a proportion of the global average amount of USD 200 remitted.