Zimbabwe develops NDS-2 for 2026-2030 growth plans

Zimbabwe is finalizing its National Development Strategy 2 (NDS-2), a five-year plan covering the period from 2026 to 2030, which builds on the achievements of NDS-1 (2020–2025). Speaking at the National Budget Consultations in Harare, Zanu PF’s Deputy Secretary for Economic Affairs, Cde Endy Mhlanga, outlined the strategy’s goals: sustainable economic growth, industrialization, climate resilience, and 10 priority thematic areas aligned with Vision 2030.

Key pillars include macroeconomic stability, financial sector deepening, inclusive growth, infrastructure development, and food security. Mhlanga credited the Zimbabwe Gold (ZiG) currency, introduced in April 2024, for anchoring price and exchange rate stability and shifting the economy from high inflation to renewed confidence. He urged continued promotion of ZiG nationwide.

The 2026 national budget, currently under stakeholder consultation, must strike a balance between growth, infrastructure investment, and improved livelihoods, while enhancing the ease of doing business to attract both domestic and foreign investment. Mhlanga also noted that Zimbabwe’s revised GDP is US$44.4 billion, making it the fifth-largest economy in Southern Africa, according to IMF 2024 estimates.

The consultative meeting included input from war veterans, business leaders, SMEs, and miners to inform budget priorities under the Second Republic’s development agenda.
 

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