Publication:
Access to Financial Services in Zambia

dc.contributor.author de Luna Martínez, José
dc.date.accessioned 2012-06-26T13:33:12Z
dc.date.available 2012-06-26T13:33:12Z
dc.date.issued 2006-11
dc.description.abstract Despite the deep financial sector reforms undertaken in Zambia in the early 1990s, the expected benefits of establishing a market-based banking system has not materialized. In 2005 the banking system continued to be small and underdeveloped. Credit to the private sector by banks represented only 8 percent of GDP in 2005, which is slightly lower than the level registered in 1990. As in the early 1990s, only large corporations and a few small- and medium-size enterprises have access to credit in 2006. Moreover, less than 8 percent of Zambia's adult population had a bank account in 2005. And despite the open door policy to foreign financial institutions, which has been in place since Zambia's independence, only a few new banking products have been introduced by foreign banks to serve the needs of households and firms. This paper analyzes the factors that have prevented the development of a large and inclusive banking system in Zambia and highlights possible actions that may help improve access to finance in Zambia in both the short and long terms. en
dc.identifier http://documents.worldbank.org/curated/en/2006/11/7186397/access-financial-services-zambia
dc.identifier.uri http://hdl.handle.net/10986/8993
dc.language English
dc.language.iso en_US
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Policy Research Working Paper; No. 4061
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject AUTONOMY
dc.subject BANK ACCOUNTS
dc.subject BANK ASSETS
dc.subject BANK BRANCHES
dc.subject BANK DEPOSITS
dc.subject BANK FAILURES
dc.subject BANK REGULATION
dc.subject BANK SUPERVISION
dc.subject BANKING LAWS
dc.subject BANKING REGULATION
dc.subject BANKING SECTOR
dc.subject BANKING SERVICES
dc.subject BANKING SYSTEM
dc.subject BANKS
dc.subject BORROWING
dc.subject CAPITAL ADEQUACY
dc.subject CAPITAL MARKETS
dc.subject CAPITAL REQUIREMENTS
dc.subject CENTRAL BANK
dc.subject COMMERCIAL BANK
dc.subject COMMERCIAL BANKS
dc.subject CONSOLIDATION
dc.subject CORPORATE GOVERNANCE
dc.subject CORPORATION
dc.subject CORPORATIONS
dc.subject CREDIT BOOM
dc.subject CREDIT RISK
dc.subject CREDIT RISK MANAGEMENT
dc.subject DEBT
dc.subject DEPOSIT ACCOUNTS
dc.subject DEPOSITORS
dc.subject DEPOSITS
dc.subject DISCLOSURE REQUIREMENTS
dc.subject DOMESTIC CREDIT
dc.subject DOMESTIC MARKETS
dc.subject ECONOMIC CONDITIONS
dc.subject ECONOMIC GROWTH
dc.subject ECONOMIC REFORMS
dc.subject EMPLOYMENT
dc.subject ESTATE
dc.subject EXCHANGE RATES
dc.subject FINANCIAL DISCLOSURE
dc.subject FINANCIAL INSTITUTIONS
dc.subject FINANCIAL MARKETS
dc.subject FINANCIAL SECTOR DEVELOPMENT
dc.subject FINANCIAL SECTOR LIBERALIZATION
dc.subject FINANCIAL SECTOR REFORM
dc.subject FINANCIAL SERVICES
dc.subject FISCAL REFORM
dc.subject FOREIGN BANKS
dc.subject FOREIGN CURRENCY DEPOSITS
dc.subject FOREIGN EXCHANGE
dc.subject GOVERNMENT INTERVENTION
dc.subject GUIDELINES
dc.subject HOUSING
dc.subject INDIVIDUALS
dc.subject INFLATION
dc.subject INSOLVENT BANKS
dc.subject INSURANCE
dc.subject INTEREST RATES
dc.subject INTERNAL CONTROLS
dc.subject JOINT VENTURE
dc.subject LARGE COMPANIES
dc.subject LEASING
dc.subject LIMITED
dc.subject LIQUIDITY
dc.subject LOAN CLASSIFICATION
dc.subject MANAGERS
dc.subject MARKET DISCIPLINE
dc.subject MARKET INCENTIVES
dc.subject MARKET RISKS
dc.subject MERCHANT BANK
dc.subject MICROFINANCE
dc.subject MIGRATION
dc.subject MONEY SUPPLY
dc.subject MORAL HAZARD
dc.subject MORTGAGES
dc.subject NATIONALIZATION
dc.subject NEW ENTRANTS
dc.subject NONPERFORMING LOANS
dc.subject OPERATING COSTS
dc.subject PAYMENT SYSTEMS
dc.subject PERSONS
dc.subject PRODUCTIVITY
dc.subject PROFITABILITY
dc.subject PRUDENTIAL REQUIREMENTS
dc.subject PRUDENTIAL RULES
dc.subject REGULATORY FRAMEWORK
dc.subject REGULATORY REGIME
dc.subject RETURN ON ASSETS
dc.subject SAVINGS
dc.subject SAVINGS ACCOUNTS
dc.subject SECURITIES
dc.subject SMALL BANKS
dc.subject SOCIETIES
dc.subject SOLVENCY
dc.subject SPECIAL DRAWING RIGHTS
dc.subject STATE BANKS
dc.subject SUB-SAHARAN AFRICA
dc.subject SUPERVISORY FRAMEWORK
dc.subject TRADING
dc.subject TRANSACTION COSTS
dc.subject TRANSPARENCY
dc.subject TRANSPORT
dc.subject VOLATILITY
dc.title Access to Financial Services in Zambia en
dspace.entity.type Publication
okr.doctype Publications & Research :: Policy Research Working Paper
okr.doctype Publications & Research
okr.docurl http://documents.worldbank.org/curated/en/2006/11/7186397/access-financial-services-zambia
okr.globalpractice Finance and Markets
okr.globalpractice Governance
okr.globalpractice Finance and Markets
okr.identifier.doi 10.1596/1813-9450-4061
okr.identifier.externaldocumentum 000016406_20061108094235
okr.identifier.internaldocumentum 7186397
okr.identifier.report WPS4061
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/11/08/000016406_20061108094235/Rendered/PDF/wps4061.pdf en
okr.region.administrative Africa
okr.region.country Zambia
okr.topic Law and Development :: Corporate Law
okr.topic Finance and Financial Sector Development :: Financial Intermediation
okr.topic Banks and Banking Reform
okr.topic Law and Development :: Banking Law
okr.topic Financial Crisis Management and Restructuring
okr.unit Development Research Group (DECRG)
okr.volume 1 of 1
relation.isSeriesOfPublication 26e071dc-b0bf-409c-b982-df2970295c87
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