Second, the emerging markets, all of the former “Third World” countries, are growing at a pace which has no historical precedent: it’s a great success but leading to swift significant economic transformations. Third, longer life expectancy is also a remarkable success but is raising major funding problems. 2  BIS central bankers’ speeches  Three distinct successes but very difficult to control.
Fee waiver on PESONet transactions has since been extended by PPMI member institutions until end-September 2020 or until end-December 2020, depending on the participating institution. Hence, the greater use of PESONet is evident with the remarkable rise in the volume and value of associated payments from July 2019 to July 2020.