mtp delagets.jpgThe business community has described the just launched economic blue-print, the Medium Term Plan (MTP) as a positive development towards achieving the envisaged economic growth.

The policy document is expected to integrate other previous policy documents towards attaining sustainable economic growth.

The MTP 2011-2015 has been launched, but this is not the first of such policies.
Hardly two years ago, the Short Term Emergency Recovery Programme (STERP) was launched amid a lot of enthusiasm.

Many would want to know what difference the MTP will make.

It is agreed that the country’s economy is moving from stability to growth.

In 2009 the economy grew by 5,7% while in 2010, it grew by 8,1%.

It is anticipated that this year, the economy will grow by 9,3%, with mining, agriculture and tourism are expected to fuel that growth.

Thus the launch of the MTP is expected to consolidate the current macro-economic environment achieved through the Short Term Emergency Recovery Programme (STERP).

Implementation of all economic blue-prints has been a cause for concern among stakeholders and what guarantee does the nation have on the implementation of the MTP?

Employers Confederation of Zimbabwe (EMCOZ) Executive Director, Mr John Mufukare says the view of creating employment levels by 10% is commendable.

Drawing inspiration from fast growing economies such as China, the policy document will focus on increasing investment inflows, which will consolidate current recorded figures of 75 investment projects worth US$906 million in the first half of the year.

Bankers Association of Zimbabwe President, Mr John Mushayavanhu says for the economy to realise the full potential of the document, stakeholder participation is critical with the financial sector also poised for growth based on the policy framework.

The MTP requires US$9 billion for the implementation of the five year policy document.

However, questions have been raised as to how the government is set to raise the money as the economy is currently facing liquidity constraints.

The country is still under illegal sanctions and the question, which people want answered is how practical are the policies under such an environment.