The chapter begins with the words: but now thus says the Lord, he who created you, he who formed you, O Israel: fear not, for I have redeemed you; I have called you by name, you are mine. When you pass through the waters, I will be with you; and through the rivers, they will not overwhelm you; when you walk through fire you will not be burned, and the flame will not consume you. For the Lord is their God, the Holy One of Israel, their Savior. He gives Egypt as their ransom, Cush and Seba in exchange for Israel, because he is precious in his eyes and honored, and he loves him. He will bring his offspring from the east, the west, the north and the south, everyone who is called by his name, whom he created for his glory.
Then the Lord summons a courtroom: let the blind people who have eyes come out, and the deaf who have ears, and let the nations gather. Who among them declared this? You are my witnesses, says the Lord, and my servant whom I have chosen, so that you may know and believe me and understand that I am he. Before me no god was formed, nor shall there be any after me. I, I am the Lord, and besides me there is no savior.
The Lord announces that for the sake of his people he will send to Babylon and bring down the fugitives. Remember not the former things, he says, nor consider the things of old; behold, I am doing a new thing; now it springs forth, do you not perceive it? I will make a way in the wilderness and rivers in the desert. I give water in the wilderness to my chosen people. The people whom I formed for myself will declare my praise.
But Jacob has not called upon him nor brought him sacrifices, and has instead burdened the Lord with his sins and wearied him with his iniquities. Even so, the Lord says: I, I am he who blots out your transgressions for my own sake, and I will not remember your sins.