Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/52918 
Year of Publication: 
2003
Series/Report no.: 
WIDER Discussion Paper No. 2003/13
Publisher: 
The United Nations University World Institute for Development Economics Research (UNU-WIDER), Helsinki
Abstract: 
The paper explores the relationship between financial sector reforms and savings mobilization in Zambia. Although there exists an extensive literature on financial sector development and savings levels in developing countries, there does not seem to exist satisfactory work on the above nexus for sub-Saharan African countries, particularly Zambia. Along these lines, the paper examines the linkages between the financial reforms of the early 1990s and savings mobilization. It considers the characteristics of banks and non-bank financial institutions, especially micro finance institutions, and savings levels and identifies problems associated with the relatively poor performance of savings in recent years and concludes with a set of policy guidelines for strengthening savings mobilization, highlighting the expected effect on povertyreducing growth.
Subjects: 
financial sector reforms
saving mobilization
Zambia
JEL: 
E21
E44
ISBN: 
9291904090
Document Type: 
Working Paper

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