Some of the issues that we are dealing with now were identified by pension experts and policymakers half a decade ago or more, but so far they have been addressed only in part. At the same time, new issues have come to the fore.
The framework will need to be localized, customized and contextualized to suit the differing needs of different localities, and addressing issues such as the development of an  BIS central bankers’ speeches  3  overarching macro policy environment, long-term financial sustainability of microfinance institutions, increasing outreach by capacity building and effective governance, and broadbased research and monitoring/evaluation.