By ZBC Reporter
CABINET has approved the National Development Strategy 1: 2021-2025 which is the Second Republic’s first of two 5-year Medium-Term Plans aimed at realising the country’s Vision 2030.
Minister of Finance and Economic Development Professor Mthuli Ncube briefed the cabinet on the National Development Strategy and how it is going to spur economic growth.
Minister of Information, Publicity and Broadcasting Services Senator Monica Mutsvangwa said the strategy has fourteen priority areas ranging from economic stability to international engagement and re-engagement.
“The two plans will, therefore, run under the theme “Towards a Prosperous and Empowered Upper Middle Income Society by 2030”. The National Development Strategy 1 outlines the policies, legal and institutional reforms, programmes and projects for identified National Priorities that will be implemented over the Strategy’s five-year lifespan. This will help to achieve accelerated, high, inclusive, broad-based and sustainable economic growth and development.
“The NDS was a result of an extensive and structured consultative process involving stakeholders. The Strategy succeeds the Transitional Stabilisation Programme (TSP): 2018-2020, which focused on, inter-alia, stabilising the macro-economy and the financial sector, and thus laid the foundation required for economic growth. The report on the TSP will be published at the end of the programme period,” she said.
The National Development Strategy will build on the successes and challenges of the Transitional Stabilisation Programme (TSP) and aim to steer the economy onto a growth path with an average growth rate of 5% per annum over the Strategy Period.
“The NDS has 14 priority areas: Economic Growth and Stability; Food Security and Nutrition; Governance; Moving the Economy up the Value Chain and Structural Transformation; Human Capital Development; Environmental Protection, Climate Resilience and Natural Resource Management; Housing Delivery; ICT and the Digital Economy; Health and Well-being; Transport, Infrastructure and Utilities; Image-building and International Engagement and Re-engagement; Social Protection; Youth, Sport and Culture; and Devolution,” she said.