The Cabinet of Zimbabwe on Tuesday approved the National Development Strategy 1 (NDS) economic blueprint that will stretch from 2021 to 2025.
During last night’s media briefing which was preceded by the Cabinet meeting, Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa said the economic blueprint outlines the policies, legal and institutional reforms, programmes and projects. She added
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This will help to achieve accelerated, high, inclusive, broad-based and sustainable economic growth and development.
The National Development Strategy (NDS) was a result of an extensive and structured consultative process involving stakeholders.
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.
The report on the TSP will be published at the end of the programme period.
NDS 1 would, she said, builds on the successes and challenges of the TSP to steer the economy into an average growth rate of 5 percent a year.
She added that the NDS had 14 priority areas:
- economic growth and stability;
- food security and nutrition;
- moving the economy up the value chain and structural transformation;
- human capital development;
- environmental protection, climate resilience and natural resource management;
- housing delivery;
- ICT and the digital economy;
- health and well-being;
- transport, infrastructure and utilities;
- image-building and international engagement and re-engagement;
- social protection;
- youth, sport and culture;
- and devolution.
Finance and Economic Development minister Professor Mthuli Ncube said the NDS was unique in that it is results oriented.
He added that there will be a monitoring unit in the President’s office to make sure the set targets are met. Ncube added:
The idea is to launch the NDS before the budget because the NDS is the pillar of the budget.
The NDS reminds of the ZANU PF’s Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZIMASSET) which was launched following the party’s landslide victory of 2013 to revive the country’s collapsed economy.
Some say ZIMASSET failed mainly due to inadequate funding and the five year time frame period was too narrow for the complete implementation of the policy.
More: The Herald