I am pleased to report to you that we have made considerable progress in that regard. The Namibian Financial Sector Strategy 2011–2021, which was endorsed by Cabinet will be launched before the end of December.
We have seen the impact of higher crude oil prices on the domestic corporate goods price index, which marked a year-on-year increase of 1.6 percent in July, the largest since the latter part of the bubble period. Higher crude oil prices are also affecting the CPI through the rise in prices of gasoline and other petroleum-related products.