Zimbabwe’s government is gearing up for its next five-year development plan, National Development Strategy 2 (NDS 2), as the current plan, NDS 1, successfully meets or exceeds its key economic targets. This move aligns with the country’s goal to achieve upper middle income status by 2030.
President Emmerson Mnangagwa’s administration has approved the NDS 2 roadmap, presented by Finance Minister Professor Mthuli Ncube. The new strategy aims to build on the positive economic trends established by NDS 1, which concludes in December next year.
The NDS 2 will concentrate on fiscal consolidation, monetary policy restoration, foreign exchange market liberalization, structural and governance reforms, infrastructure development, and investment promotion.
Information Minister Dr. Jenfan Muswere stated, “It will contain strategies and interventions to ensure sustainable, inclusive growth and development, innovation for modernization and industrialization, adaptation to climate change, eradicating poverty, and promoting sustainable livelihoods for the vulnerable members of society.”
Dr. Muswere added that the development of the NDS 2 blueprint is expected to take 18 months, with a target completion date of November 2025. The process will include stakeholder consultations to identify national priorities, followed by the formation of thematic working groups and strategy formulation.
Additionally, a terminal evaluation of NDS 1 will be conducted before finalizing the NDS 2 plan.
