Government has started crafting an implementation strategy for the five year Medium Term Plan (MTP) to ensure that the economic blue print achieves intended targets.
Barely a month after the launch MTP, the government is focusing on an implementation strategy for the blue print after realisation that previous macro- economic policies failed to achieve their goals due to lack of stakeholder commitment on implementation.
In terms of the arrangement, key government ministries are expected to meet next week to come up with an implementation policy and funding modalities of the MTP.
The Permanent Secretary in the Ministry of Economic Planning and Investment Promotion, Dr Desire Sibanda confirmed that the crafting of an implementation policy for the MTP will include the introduction of a cluster system in strategic socio-economic units.
â€œWhat we are doing is just to come up with a cluster system and this will in the future help us,â€ Dr Sibanda said.
Economic observers are calling on the government to continuously monitor the implementation of the MTP to ensure the achievement of set targets such as annual Gross Domestic Product (GDP) rate of 7%, average inflation figure of 4%, a ratio of investment over GDP of at least 25%, reduction of unemployment, mobilisation of US$9 billion, among others.