Our primary constraints to faster growth, however, remain the large size of the fiscal deficit and the energy shortfall. As with most economic problems, there is no immediate solution. Both problems require systemic changes that will take time to achieve, through the implementation of effective regulation and a move towards greater private sector participation.
We envision PESONet to be an electronic alternative to the paper-based check system, significantly cutting down costs and allowing better liquidity management. It features same day crediting of the full 2/4  BIS central bankers' speeches  amount being transferred. Businesses and individuals will be able to conveniently move funds from their own account to any other account in the system.