Thank you, hon Deputy Speaker and hon M B Skosana. The review of the world economy is a matter that is on the agenda of the leaders' summit, particularly at the G20.
These institutions, particularly the Bretton Woods institutions, the World Bank and the IMF, were identified as key in terms of ensuring that the current economic recession is transformed into an opportunity. This is because these institutions have been dealing with developing countries for an extended period of time and their transformation should be speeded up to equip them for better utilisation to the benefit of developing countries.
So, that review is meant to be buttressed by the review of regional economies, as you would no doubt know that the Economic Community of West African States, Ecowas, SADC and the East African Economic Community also held a summit precisely to streamline themselves for better participation in the world economy.
In terms of the legislative and executive processes, it is still early days. These processes, on the African continent, are being led by Ministers of Finance as well as governors of central banks, and they are under the chairpersonship of the African Development Bank. I thank you.