ECONOMY

Economic Overview

VISION 2030

The  advent of the Second Republic ushered in a new Vision 2030 developmental agenda. The transformative and inclusive developmental thrust, anchored on the people’s collective determination and aspirations to achieve an empowered and prosperous Upper Middle-Income Society  by 2030.

Vision 2030 Main Pillars;

The main pillars of Vision 2030 are;

• Governance
• Macroeconomic Stability and Financial Re-engagement
• Inclusive Growth
• Infrastructure and Utilities
• Social Development

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Zimbabwe’s current economic blueprint, National Development Strategy 1 (NDS 1) and NDS 2, spanning from 2021 to 2025 and from 2026 to 2030 respectively, are both guided by Vision 2030 in their successful implementation.

NDS 1 main objectives are as follows:

• Strengthening macroeconomic stability, characterized by low and stable inflation, as well as exchange rate stability.
• Achieving and sustaining inclusive and equitable Real GDP growth.
• Promoting new enterprise development, employment and job creation.
• Strengthening social infrastructure and social safety nets.
• Ensuring sustainable environmental protection and resilience.
• Promoting Good Governance and Corporate social investment.
• Modernising the economy through use of ICT and digital technology.

NDS 1 National priorities were identified as :

• Economic growth and stability.
• Food Security and Nutrition.
• Governance
• Value chain and Structural Transformation.
• Human capital development.
• Environmental protection.
• Climate Resilience and Natural Resource Management.
• Housing delivery, ICT and Digital Economy.
• Health and Well-being
• Transport, Infrastructure, and Utilities.
• Image building and International Engagement and Re-engagement.
• Social protection
• Youth, Sport and Devolution.

Investing in Zimbabwe

Zimbabwe leverages on its strong agricultural base, an impressive sixty ( 60) plus mineral resources base, including its highly literate, adaptive and skilled workforce in realizing its economic developmental goals. In this regard, the country seeks to engage into beneficial economic relations with the international community guided by its foreign policy objective of being “ a friend to all and an enemy to none’.

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