MUTARE The full implementation of the Global Political Agreement (GPA) terms guarantees social and political stability, an economist has said.Speaking to the business community at a local hotel on a national outreach programme for the draft Medium Term Plan (MTP) January 2010 December 2015, David Mupamhazi, said Zimbabwe needed a supportive monetary and fiscal policy framework that ensured low inflationary environment, increased credit to private sector and higher domestic revenue collections.
Mupamhazi said the MTP responds to article III of the GPA on the restoration of economic stability and growth in Zimbabwe as well as building on the foundation laid by the Short Term Emergency Recovery Programme (STERP).
The primary objective of the MTP is the restoration and transformation of capacities for sustainable economic growth and development. The MTP also seeks to establish a vibrant market and private sector driven economy, he said.
Mupamhazi said the MTP placed a premium on job creation, poverty reduction and equity while also ensuring that balance was attained in development across all regions of the country.
He said government should provide a conducive policy environment that will ignite private sector initiatives, entrepreneurship as well as promoting a saving and invest culture.
Post published in: Agriculture