World Bank Group2014-12-312014-12-312014-12https://hdl.handle.net/10986/21055Zambia 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.en-USCC BY 3.0 IGOACCESS POINTSACCESS TO FINANCEACCESSIBLE BANKINGACCOUNT HOLDERSACCOUNT OWNERSHIPADMINISTRATIVE COSTSARREARSAUDITSBACKED LOANSBALANCE OF PAYMENTSBANK ACCOUNTBANK ACCOUNTSBANK BRANCHBANK BRANCHESBANK CUSTOMERSBANK DEPOSITSBANK LENDINGBANKING MODELSBANKING SECTORBANKING SECTOR OUTREACHBANKING SERVICESBANKING SYSTEMBOND MARKETBOND MARKETSBOND SPREADSBORROWERBORROWINGBORROWING COSTSBUSINESS OPPORTUNITIESBUSINESS STRATEGIESCAPITAL ADEQUACYCAPITAL FLOWSCAPITAL FORMATIONCAPITAL MARKETCAPITAL MARKETSCASH TRANSFERSCIVIL SERVICECOMMERCIAL BANKCOMMERCIAL BANKSCOMMERCIAL LOANSCOMMODITY PRICESCONSOLIDATIONCONSUMER PROTECTIONCONTRACT ENFORCEMENTCOOPERATIVESCORPORATE INCOME TAXESCOST OF CREDITCREDIT BANKCREDIT BUREAUCREDIT COOPERATIVESCREDIT GROWTHCREDIT INFORMATIONCREDIT INFORMATION SYSTEMSCREDIT PRODUCTSCREDIT UNIONCREDITORSCURRENT ACCOUNTDEBIT CARDSDEBTDEBT MANAGEMENTDECENTRALIZATIONDEMAND FOR CAPITALDEPOSITDEPOSIT ACCOUNTDEPOSIT ACCOUNTSDEPOSITORSDEVELOPMENT BANKDISCRIMINATIONDISPOSABLE INCOMESDOCUMENTATION REQUIREMENTSDOMESTIC CREDITE-PAYMENTSEARNINGSECONOMIC ACTIVITYECONOMIC DEVELOPMENTECONOMIC DEVELOPMENTSECONOMIC GROWTHELECTRONIC PAYMENTELECTRONIC PAYMENTSEMERGING MARKETSEMPLOYEEEMPLOYEREMPLOYERSEMPLOYMENTEMPLOYMENT STATUSEMPOWERMENTENFORCEMENT MECHANISMSEQUAL AMOUNTEQUIPMENT PURCHASESEXCHANGE RATEEXPENDITUREEXPENDITURESEXTERNAL SHOCKSFARMERFINANCESFINANCIAL ACCESSFINANCIAL ASSETSFINANCIAL DEPTHFINANCIAL DEVELOPMENTFINANCIAL EXCLUSIONFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL LITERACYFINANCIAL MARKETFINANCIAL MARKETSFINANCIAL NEEDSFINANCIAL PRODUCTFINANCIAL PRODUCTSFINANCIAL SECTOR DEVELOPMENTFINANCIAL SERVICEFINANCIAL SERVICE ACCESSFINANCIAL SERVICE PROVIDERSFINANCIAL SERVICESFINANCIAL SERVICES INDUSTRYFINANCIAL STABILITYFINANCIAL SYSTEMFINANCIAL SYSTEMSFISCAL DEFICITFISCAL DEFICITSFISCAL DISCIPLINEFISCAL POLICYFIXED CAPITALFOREIGN CURRENCYFOREIGN DIRECT INVESTMENTFOREIGN EXCHANGEFOREIGN EXCHANGE MARKETSFORMAL BANKINGFORMAL FINANCIAL INSTITUTIONFORMAL FINANCIAL SERVICESGENDERGENDER GAPGOVERNMENT FINANCESGOVERNMENT SECURITIESHIGH INTEREST RATEHIGH INTEREST RATESHOUSEHOLDSHUMAN DEVELOPMENTINCOME GROUPINCOME TAXINCOME TAXESINFLATIONINFORMAL SAVINGINFORMAL SAVINGSINSURANCEINTEREST PAYMENTSINTEREST RATESINTERNATIONAL BANKLABOR COSTSLACK OF INFORMATIONLENDERSLENDING PORTFOLIOLOANLOAN SIZELOW INTEREST RATESMACROECONOMIC STABILITYMERCHANTMERCHANTSMFIMFISMICRO FINANCEMICRO FINANCE INSTITUTIONMICROFINANCEMICROFINANCE INSTITUTIONMICROFINANCE INSTITUTIONSMONETARY POLICIESMONETARY POLICYMONEY ORDERSMONEY TRANSFERMONEY TRANSFERSNONBANK FINANCIAL INSTITUTIONSNONBANKSNONPERFORMING LOANSONLINE BANKINGOUTSTANDING LOANOVERHEAD COSTSPAYDAY LENDERSPAYDAY LENDINGPAYMENT SERVICEPAYMENT SERVICESPAYMENT SYSTEMPENSIONSPHONE PENETRATIONPOST OFFICEPOSTAL BANKPREPAID DEBIT CARDSPRIVATE CREDITPRIVATE INVESTMENTPRIVATE LENDERPRIVATIZATIONPRODUCTIVITYPROFITABILITYPUBLIC DEBTPUBLIC FUNDSPUBLIC INVESTMENTREAL ESTATERECEIPTSREDEMPTIONREMITTANCEREMITTANCESREPAYMENTSRESERVE REQUIREMENTRETIREMENTSAVINGS ACCOUNTSSAVINGS BANKSAVINGS PRODUCTSSAVINGS SERVICESSELF-EXCLUSIONSMALL BORROWERSSMALL-BUSINESSSMALL-BUSINESS LENDINGSMALLHOLDERSMALLHOLDER FARMERSSOURCES OF CREDITSOVEREIGN BONDTAX INCENTIVESTAX REGIMETRANSACTION COSTSTRANSPORTTREASURY BILLTREASURY BILLSTREASURY NOTESUNIVERSAL FINANCIAL ACCESSURBAN AREASWAGES10.1596/21055