This article brings together the main policy recommendations from the studies reported in this issue. The policy experiences of other Asian migrant-sending countries are reviewed and policy recommendations relevant tc Pacific island states discussed. While remittances and loanable funds arc found to be sensitive to policies affecting relative real interest rates, doubts are raised regarding the efficacy of policies to channel remittances intc domestic investment; migrants do not necessarily make the best entrepreneurs. Instead, loanable funds accumulated from remittances, if not channelled by the migrants or government into projects due to lack of suitable opportunities, could be held as overseas assets denominated it foreign currency, at the best possible rate of return.
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