GOVERNMENT is set to hold an inaugural annual review of the Medium Term Plan (MTP) next month amid indications it would revise the macroeconomic policy targets due to underperformance of the economy.
REPORT BY NDAMU SANDU The review is mandatory under the MTP and is set for October 17 at the Harare International Conference Centre.
MTP was launched by President Robert Mugabe last year and builds on the foundation laid by the Short-Term Emergency Recovery Programme (Sterp) and three year Macroeconomic Policy and Budget Framework (Sterp II).
It was launched as a guide to other government policy documents and sets out clearly the national priorities and investment programmes for the five years 2011 to 2015.
After Finance minister Tendai Biti revised the annual growth targets to 5,6% from the previous 9,3%, expectations were high that the MTP would revise its projections of 7% annually until 2015.
MTP joins the long list of blueprints aimed at growing the economy.
These include the Transitional National Development Plan, Economic Structural Adjustment Programme (Esap), Zimbabwe Programme for Economic and Social Transformation (Zimprest), Millennium Economic Recovery Programme (Merp), the National Economic Development Programme and the Zimbabwe Economic Development Strategy.
