harare2.jpgAll is now set for the launch of the Medium Term Plan (MTP) this Thursday, with stakeholders anticipating to see the consolidation of macro-economic gains which will set the tone for a continuous economic revival.

The five year Medium Term Plan succeeds the Short Term Emergency Recovery Programme (STERP).

In terms of the new economic blue print, Government is focusing on policies that seek to restore economic growth at a time there has been positive growth rates for agriculture, mining, construction, manufacturing and tourism.

The blue print which seeks to mobilise at least US$9 billion from the local resources will guide the national budgeting process in line with recent experiences of fast developing economies such as China, India and Brazil.

Another key element for the MTP is to maintain macro-economic stability, restore and transform the economy’s capacity to produce goods and services.

The plan will also focus on sustainable economic growth and development, poverty reduction, employment creation, price stability and sustainable balance of payments position.

It remains to be seen whether the new economic blue print will achieve its goals for the benefit of the economy which is showing signs of recovery on the back of positive real Gross Domestic Product rates averaging 7% in the past two years.