industry.jpgCaptains of industry and commerce have expressed concern over delays in the implementation of the Medium Term Plan (MTP) which is expected to provide a platform towards consolidating economic gains.

 

Government is being called upon by the business community to speed up the implementation of the Medium Term Plan which is expected to succeed the Short Term Emergency Recovery Programme (STERP).

 

Employers Confederation of Zimbabwe (EMCOZ) Executive Director, Mr. John Mufukare said industry is worried that the MTP which was supposed to have been launched in May this year is long overdue and this is likely to hinder efforts to increase production.

 

“The MTP is long overdue and we are really worried about what is going on.

 

“While we expect everything to have been finalized, nothing is tangible right now,”said Mr. Mafukare.

 

Zimbabwe National Chamber of Commerce Vice Chairman Mr. Clever Madzara said it is within the interest of the economy that an economic blue print should be formulated.

 

 “We are really concerned with what is happening and we need something to be done for the benefit of the nation,” Mr. Madzara said.

 

The Medium Term Plan which is expected to be operational between 2010 and 2015 is among other key factors expected to focus on the achievement of single digit economic growth rate figures, price stability, boosting domestic demand, stimulating investments and facilitating increased savings within the economy.