Government approves National Development Strategy

HARARE – The government has approved the National Development Strategy 1 2021-2025 which is to help to achieve accelerated, high, inclusive, broad-based, and sustainable economic growth and development.

Minister of Finance and Economic Development Professor Mthuli Ncube, presented the NDS1 which is the Second Republic first of two 5-year Medium- Term Plans.

This was announced by the Information Minister Monica Mutsvangwa during a Post Cabinet briefing on Tuesday.

The two plans will therefore run under the theme, “Towards a Prosperous and Empowered Upper Middle Income Society by 2030,” Mutsvangwa said.

“The National Development Strategy 1 outlines the policies, legal and institutional reforms, programmes, and projects for identified National Priorities that will be implemented over the Strategy’s five-year lifespan.”  

“The Strategy succeeds the Transitional Stabilisation Programme (TSP): 2018-2020, which focused on, inter-alia, stabilising the macro-economy and the financial sector, and thus laid the foundation required for economic growth,” she said.

Mutsvangwa said the objectives of the NDS1 is to strengthen macroeconomic stability, characterised by low and stable inflation, as well as a stable exchange rate, to achieve and sustain inclusive and equitable Real GDP growth, to promote new enterprise development, employment and job creation, to strengthen Social Infrastructure and Social Safety Nets, to ensure sustainable environmental protection and resilience, to promote Good Governance and Corporate Social Investment, and to industrialise and modernize the economy.

Abel Karowangoro – Business Mail