Elizabeth Thabethe

"Its aim is to provide additional and also niche financing where it is not available or forthcoming, notably for emerging markets and developing economies in sectors critical for attaining their developmental goals."

"Establishing a development bank is not a small endeavour which is why the leaders at the previous summit requested the ministers of finance to thoroughly investigate all the aspects around the possibility of forming such an institution."

"It is a work in progress as there are still many issues with respect to such a bank to sort out. One can expect further discussions and negotiations going forward."

"There are some hurdles, but these are being negotiated and I am confident that it will be resolved."

"There are certain sectors which both partners have identified as strategic industries and they both have to tread carefully when negotiating these."