Zim’s new development strategy on the cards.

Perm-Sec Nick Mangwana

By Gwen Mugauri

Government says it is now at an advanced stage in mapping out modalities to introduce a new development strategy programme later this year to replace the Transitional Stabilisation Programme (TSP), which is said  to have been weakened by the emergence of the Covid-19 pandemic.

This was revealed by Information, Publicity and Broadcasting Services Permanent Secretary Mr Nick Mangwana in an interview with Zimpapers Radio News.

”every economy in the world has been affected by the Covid-19 including that of Zimbabwe.Remember we were on total lockdown and stopped all productivity so therefore the TSP was affected like any other project that we have’’.

”But we did not stop the reforms that were put in place including issues liberalising our economy and allowing all players to come in.”

”We are not stopping the stabilisation of the economy ,we are currently on the a new development strategy programme which is to take over form the TSP and to be launched sometime in October or so”.

Meanwhile economic analyst Professor Gift Mugano said the Transitional Stabilisation Programme has not met it’s expected objectives.

‘’TSP had a number of milestone it was targeting to achieve and failed to achieve such. The major drawbacks to the implementation of the TSP are multifaceted which include macro-economic instability, drought and natural disasters like Cyclone Idai and now the Covid-19 pandemic which has disrupted global supply chain.’’

The Transitional Stabilisation Programme (TSP) was launched on October 5 2018, after the August general elections with the view to rebuild and transform Zimbabwe into an upper middle-income economy by 2030.