Page 21 of 27  Dec  Figure 15 Investments committed for next five years (CBC) (4)  Capital goods imports and IPSA (1)(2)  (billions of dollars)  (thousands of dollars of 2013; million of dollars of 2013) 14  Real IPSA (t+7)  Capital goods imports and IPSA (1)(2)  1,700  50 45  12  1,500  10  1,300  40 35 30  8  1,100  6  900  4  700  2  500  25 20 15 10  08 09 10 11 12 13 14 15 16 17 18 19 20 21  5  0 18  II  III  IV  19  II  III  IV  20  II  III  IV  21  (1) Quarterly moving averages. (2) Series deflated by the capital goods import price index, with base year 2013=100. Spliced with the base year 2008=100 series using annual changes. For second quarter, data for the first quarter of that year are repeated. (3) Excludes other transport vehicles. (4) Four-quarter moving average. For each version of the CBC survey, includes 5-year forecasts, considering the current year. Sources: Central Bank of Chile, Bloomberg, and Capital Goods Corporation (CBC).
Ladies and Gentlemen, as we strive to achieve the Vision of becoming a middle income country by the year 2030, we shall no doubt be confronted with such and many more similar challenges both economically and politically. To be well prepared for such trying times ahead, we need to groom our best talents to assume leadership positions in all sectors of the economy. To achieve this vital task of nurturing our future leaders, the Government is trying its level best to provide education to all Zambians. The Government has done well thus far and should be implored to continue doing so. BIS Review 160/2008  1  However, providing education for the benefit of all citizens is never an easy task due to other budgetary pressures exerted by other competing sectors like Health, Agriculture, and Community Development etc. If we are to achieve education for the majority of our people, we need concerted efforts from all stakeholders including private institutions and charitable organisations like the Masomo Education Foundation. Mr President, I am informed that the objective of the Foundation is to educate young Zambians at local colleges. I am particularly pleased that the Foundation is utilizing local educational institutions. This should be commended as it demonstrates the confidence you have in the calibre of our learned colleagues at these institutions.