Cabinet has approved the long awaited 5-year Medium Term Plan paving way for its launch next month as government formulates policies to restore economic confidence.

 

In terms of Cabinet’s arrangement, the much awaited Medium Term Plan is expected to be launched next month in line with its aims of consolidating macro- economic gains.

The Permanent Secretary in the Ministry of Economic Planning and Investment Promotion, Dr Desire Sibanda said the MTP will assist government on policies to boost productivity and facilitating economic stability.

“All is now set for the official launch of the MTP as we seek to restore economic confidence,” said Dr Sibanda.

The MTP, which will be succeeding the Short Term Economic Recovery Programme (STERP) is expected to unlock investment opportunities.

Its approval comes when the economy is showing signs of recovery following the introduction of the multiple currency system in early 2009.