Chile)  2.4 0.9 -0.1 7.3 7.3 4.0 1.0  2.5 1.5 1.0 6.9 7.5 4.2 0.2  2.4 1.5 1.0 6.7 7.5 3.7 -0.1  2.4 1.5 0.6 6.9 7.5 3.4 -0.6  2.9 2.0 1.4 6.5 7.8 4.5 1.8  2.8 1.9 1.4 6.4 7.8 4.0 1.0  2.6 1.7 1.2 6.4 7.8 3.7 0.4  2.8 1.9 0.5 6.1 7.5 4.2 1.4  2.8 1.8 0.5 6.1 7.5 4.0 1.5  LME copper price $ Oil price (Brent y WTI avg) $  311 96  280 60  255 52  (levels) 249 51  290 67  245 53  220 44  250 58  230 50  Terms of trade  -1.4  1.3  -3.0  -1.0  -3.8  -0.4  1.7  (annual change, percent) -4.2  -0.2  (f) Forecast. Sources: Central Bank of Chile, based on a sample of investment banks, Bloomberg, Consensus Forecasts, the IMF and statistics bureaus of respective countries.
Caleb M Fundanga: Winning with leasing Speech by Dr Caleb M Fundanga, Governor of the Bank of Zambia, at the “Winning with Leasing” seminar, Lusaka, 21-23 February 2007. *  *  *  • Mr Chairman • Chief Executives and representatives of Banks and Leasing Companies • Representatives of businesses organizations; • Distinguished ladies and gentlemen Let me first express my sincere gratitude for being invited to officiate at this important regional Leasing Seminar. It is my hope that this interaction will give us a better understanding and appreciation of the important contributions that the Leasing sector has made and continues to make to the economic growth of this country. As the title of the seminar “Winning with Leasing” suggests, it is only by winning in all our efforts that we will provide meaningful contributions to the development of this country. Mr Chairman, before I talk about your role in the growth of the economy, allow me to first give a brief account of the macroeconomic developments in Zambia in the recent past. I know that many of you have been following the economic developments in the country. The economy has performed relatively well in recent years, with positive real Gross Domestic Product (GDP) growth and inflation as well as interest rates coming down. During the period 2001-2005, growth in real GDP averaged around 5% per annum. More recently, in 2006, it is estimated that the economy grew by close to 6%, marking the eighth consecutive year of positive real growth in output.