A judgmental view needs to be taken whether and when a country has reached the “threshold” and the financial integration should be approached cautiously, preferably within the framework of a plausible roadmap that is drawn up by embodying the country-specific  4  BIS Review 49/2005  context and institutional features.
The poor benefit from financial services by providing a safe haven for their savings. The route to savings together with investment opportunities that promise returns is the road to enhance poverty reduction. These objectives will be achieved through provision of technical expertise and building capacity to implement our countries’ financial sector and legal sector reforms whenever required.