A paper recently issued by the IMF examines the macro-economic impact of the aggregated remittance flows on the economies that receive them. The paper addresses two main issues: how to manage the remittance macroeconomic effects, and how to harness their development potential. The findings yield a number of important caveats and policy considerations, however, that have largely been overlooked. The main challenge for policymakers in countries that receive significant flows of remittances is to design policies that promote remittances and increase their benefits while mitigating adverse side effects.