Government is working on a five-year National Development Strategy (NDS) to bolster infrastructure projects deemed crucial for the attainment of an upper-middle-income status by 2030.
In a statement yesterday, the Ministry of Finance and Economic Development said the strategy will replace the Transitional Stabilisation Programme (TSP), a two-year economic blueprint launched in October 2018 which runs its course in December.
“The Transitional Stabilisation Programme (TSP) launched on 5 October 2018, marked the commencement of a development journey towards the attainment of the country’s Vision 2030, is coming to an end in December 2020.
“The Programme focused on among other things, stabilising the macro-economy, laying a foundation for sustainable and shared private sector-led growth.
“To date, the Programme has achieved notable milestones on fiscal consolidation, monetary policy restoration, liberalisation of the foreign exchange market, structural and governance reforms, re-engagement, investment promotion and support for the productive sectors.
“Pursuant to this and in line with Vision 2030, the end of the TSP marks the beginning of the first 5-Year National Development Strategy (NDS1) – (2021-2025); and the second 5 – Year National Development Strategy (NDS2) – (2026-2030,” read the statement.
Government of Zimbabwe, therefore, wishes to inform citizens, private sector, non-governmental organisations, and co-operating partners, among other stakeholders that the preparations for the development of the first 5-Year National Development Strategy have officially started. The Strategy is expected to be launched in September 2020, coinciding with the preparations for the 2021 National Budget.