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Martinez, José de Luna, 2006, “Access to Financial Services in Zambia,” World Bank Research Working Paper QPS 4061 (Washington: World Bank).
Rojas-Suarez, Liliana, 2007, “The Provision of Banking Services in Latin America: Obstacles and Recommendations,” Working Paper Number 124 (Washington: Center for Global Development).
Prepared by Patrick Akatu.
The FSDP was adopted by the government in 2004 and was put into operation in the fourth quarter of 2005 after an implementation and monitoring arrangement had been put in place. The plan became an integral part of the Fifth National Development Plan (2006–2011) officially launched in January 2007.
The group of low-income sub-Saharan African countries comprises Benin, Burkina Faso, Ethiopia, Ghana, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Rwanda, Senegal, Tanzania, Uganda, and Zambia.
On October 1, 2007, the reserve requirement was reduced from 14 percent to 8 percent.
Competitive pressure in recent years has come from the squeeze on margins from the decline in interest rates, especially on government securities, and on earnings from foreign exchange transactions.
World Bank (2007).