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The effectiveness of monetary policy in Zambia is undermined by foreign exchange (FX) market inefficiencies, including lack of transparency, fragmented monitoring mechanisms, and limited regulatory enforcement. These shortcomings contribute to inflation volatility and weaken the capacity of the...

Since independence in 1964, there has been an urgent need for economic development in Zambia, which led to the establishment of the Development Bank of Zambia (DBZ) as a source of long-term finance for development.This thesis examines the role of DBZ in the development of the country,particularly...