Zambia Economic Brief, December 2014, Issue 4 : Financial Services - Reaching Every Zambian

Zambia s economy is estimated to grow around 6.0 percent in 2014, slower than the 6.7 percent in the previous two years. Growth comes from a bumper maize harvest; rapid expansion in the construction industry supported in part by public investment in roads; and continued strong growth in services. Following the large fiscal deficit of 6.6 percent in 2013, the economy experienced turbulence during the first half of the year when the kwacha depreciated sharply against the U.S. dollar and other currencies, and inflation pressure increased. However, in response to policy actions, the kwacha stabilized subsequently and regained about half of the lost value, and inflation pressure also ebbed. Average inflation in 2014 is expected to be around 7.8 percent, higher than the targeted 6.5 percent and the 2013 average of 7.0 percent.

Bibliographic Details

Main Author:	World Bank Group
Language:	English en_US
Published:	Washington, DC 2014-12
Subjects:	ACCESS POINTS, ACCESS TO FINANCE, ACCESSIBLE BANKING, ACCOUNT HOLDERS, ACCOUNT OWNERSHIP, ADMINISTRATIVE COSTS, ARREARS, AUDITS, BACKED LOANS, BALANCE OF PAYMENTS, BANK ACCOUNT, BANK ACCOUNTS, BANK BRANCH, BANK BRANCHES, BANK CUSTOMERS, BANK DEPOSITS, BANK LENDING, BANKING MODELS, BANKING SECTOR, BANKING SECTOR OUTREACH, BANKING SERVICES, BANKING SYSTEM, BOND MARKET, BOND MARKETS, BOND SPREADS, BORROWER, BORROWING, BORROWING COSTS, BUSINESS OPPORTUNITIES, BUSINESS STRATEGIES, CAPITAL ADEQUACY, CAPITAL FLOWS, CAPITAL FORMATION, CAPITAL MARKET, CAPITAL MARKETS, CASH TRANSFERS, CIVIL SERVICE, COMMERCIAL BANK, COMMERCIAL BANKS, COMMERCIAL LOANS, COMMODITY PRICES, CONSOLIDATION, CONSUMER PROTECTION, CONTRACT ENFORCEMENT, COOPERATIVES, CORPORATE INCOME TAXES, COST OF CREDIT, CREDIT BANK, CREDIT BUREAU, CREDIT COOPERATIVES, CREDIT GROWTH, CREDIT INFORMATION, CREDIT INFORMATION SYSTEMS, CREDIT PRODUCTS, CREDIT UNION, CREDITORS, CURRENT ACCOUNT, DEBIT CARDS, DEBT, DEBT MANAGEMENT, DECENTRALIZATION, DEMAND FOR CAPITAL, DEPOSIT, DEPOSIT ACCOUNT, DEPOSIT ACCOUNTS, DEPOSITORS, DEVELOPMENT BANK, DISCRIMINATION, DISPOSABLE INCOMES, DOCUMENTATION REQUIREMENTS, DOMESTIC CREDIT, E-PAYMENTS, EARNINGS, ECONOMIC ACTIVITY, ECONOMIC DEVELOPMENT, ECONOMIC DEVELOPMENTS, ECONOMIC GROWTH, ELECTRONIC PAYMENT, ELECTRONIC PAYMENTS, EMERGING MARKETS, EMPLOYEE, EMPLOYER, EMPLOYERS, EMPLOYMENT, EMPLOYMENT STATUS, EMPOWERMENT, ENFORCEMENT MECHANISMS, EQUAL AMOUNT, EQUIPMENT PURCHASES, EXCHANGE RATE, EXPENDITURE, EXPENDITURES, EXTERNAL SHOCKS, FARMER, FINANCES, FINANCIAL ACCESS, FINANCIAL ASSETS, FINANCIAL DEPTH, FINANCIAL DEVELOPMENT, FINANCIAL EXCLUSION, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL LITERACY, FINANCIAL MARKET, FINANCIAL MARKETS, FINANCIAL NEEDS, FINANCIAL PRODUCT, FINANCIAL PRODUCTS, FINANCIAL SECTOR DEVELOPMENT, FINANCIAL SERVICE, FINANCIAL SERVICE ACCESS, FINANCIAL SERVICE PROVIDERS, FINANCIAL SERVICES, FINANCIAL SERVICES INDUSTRY, FINANCIAL STABILITY, FINANCIAL SYSTEM, FINANCIAL SYSTEMS, FISCAL DEFICIT, FISCAL DEFICITS, FISCAL DISCIPLINE, FISCAL POLICY, FIXED CAPITAL, FOREIGN CURRENCY, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, FOREIGN EXCHANGE MARKETS, FORMAL BANKING, FORMAL FINANCIAL INSTITUTION, FORMAL FINANCIAL SERVICES, GENDER, GENDER GAP, GOVERNMENT FINANCES, GOVERNMENT SECURITIES, HIGH INTEREST RATE, HIGH INTEREST RATES, HOUSEHOLDS, HUMAN DEVELOPMENT, INCOME GROUP, INCOME TAX, INCOME TAXES, INFLATION, INFORMAL SAVING, INFORMAL SAVINGS, INSURANCE, INTEREST PAYMENTS, INTEREST RATES, INTERNATIONAL BANK, LABOR COSTS, LACK OF INFORMATION, LENDERS, LENDING PORTFOLIO, LOAN, LOAN SIZE, LOW INTEREST RATES, MACROECONOMIC STABILITY, MERCHANT, MERCHANTS, MFI, MFIS, MICRO FINANCE, MICRO FINANCE INSTITUTION, MICROFINANCE, MICROFINANCE INSTITUTION, MICROFINANCE INSTITUTIONS, MONETARY POLICIES, MONETARY POLICY, MONEY ORDERS, MONEY TRANSFER, MONEY TRANSFERS, NONBANK FINANCIAL INSTITUTIONS, NONBANKS, NONPERFORMING LOANS, ONLINE BANKING, OUTSTANDING LOAN, OVERHEAD COSTS, PAYDAY LENDERS, PAYDAY LENDING, PAYMENT SERVICE, PAYMENT SERVICES, PAYMENT SYSTEM, PENSIONS, PHONE PENETRATION, POST OFFICE, POSTAL BANK, PREPAID DEBIT CARDS, PRIVATE CREDIT, PRIVATE INVESTMENT, PRIVATE LENDER, PRIVATIZATION, PRODUCTIVITY, PROFITABILITY, PUBLIC DEBT, PUBLIC FUNDS, PUBLIC INVESTMENT, REAL ESTATE, RECEIPTS, REDEMPTION, REMITTANCE, REMITTANCES, REPAYMENTS, RESERVE REQUIREMENT, RETIREMENT, SAVINGS ACCOUNTS, SAVINGS BANK, SAVINGS PRODUCTS, SAVINGS SERVICES, SELF-EXCLUSION, SMALL BORROWERS, SMALL-BUSINESS, SMALL-BUSINESS LENDING, SMALLHOLDER, SMALLHOLDER FARMERS, SOURCES OF CREDIT, SOVEREIGN BOND, TAX INCENTIVES, TAX REGIME, TRANSACTION COSTS, TRANSPORT, TREASURY BILL, TREASURY BILLS, TREASURY NOTES, UNIVERSAL FINANCIAL ACCESS, URBAN AREAS, WAGES,
Online Access:	http://documents.worldbank.org/curated/en/2014/12/23036169/zambia-economic-brief https://hdl.handle.net/10986/21055
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