Maravi

(HERALD) ‘Transitional economic plan almost complete’

‘Transitional economic plan almost complete’
Business Reporter

THE transitional economic plan set to guide national programmes next year is now almost complete, the Secretary for Economic Development, Mrs Judith Kateera, has said. This is expected to give policy direction during the formulation of the 2008 Budget. "The plan is currently going through the clearance processes," she said. The transitional plan, which is a short-term policy, would be succeeded by a medium-term plan, the new five-year Zimbabwe Economic Development Strategy (ZEDS) to be launched mid-next year. ZEDS would be implemented from 2009 to 2013.

The key objective of the transitional plan was to stabilise the economy through policies geared towards reining in inflation, dealing with the exchange rate issues and ensuring that interest rates are in sync with inflation to create an enabling environment conducive for business.

The plan is a culmination of widespread consultations that the ministry held nationwide to come up with a truly representational plan. The ministry also targeted the pre-Budget seminar for legislators that was held in Bulawayo recently. The transitional plan was expected to be presented to Cabinet after the completion of the consultative process.

It would replace the National Economic Development Priority Programme whose tenure ends at the end of this year. The Ministry of Economic Development took a deliberate policy to consult the grassroots on national economic policies to foster ownership of the policies among Zimbabweans.

Labels: ECONOMY, ZIMBABWE

posted by MrK @ 4:13 AM