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This study has investigated the sustainability of Zambia’s domestic debt (mainly composed of Government securities). Most of Zambia’s external debt has been forgiven and donors have put in place measures to avoid a repeat of an accumulation of an unsustainable external debt stock. Zambia’s...

Financial intermediation is essential for economic development. The consensus is that Zambia needs a stable and efficient banking system in order to finance both private and public investment and expenditures. The effectiveness of the banking system in channelling funds from surplus to deficit...