Transitional Stabilization Programme brought macro-economic stability: FinMin

By ZBC Reporter

The Transitional Stabilization Programme (TSP) has been credited for the current macro-economic stability as well as a successful implementation of various infrastructure development and social protection programmes countrywide.

The Transitional Stabilization Programme-TSP launched in October 2018 was a well-crafted economic blueprint meant to address economic imbalances that were bedevilling the country that time.

According to the Minister of Finance and Economic Development, Professor Mthuli Ncube, who spoke on the country’s economic reforms in Harare this Monday, the TSP has managed to tick all the economic problem boxes by enhancing fiscal consolidation and enabling the implementation of various developmental projects in the country.

 “The TSP has achieved its intended purpose and accordingly we have ticked all boxes of the foundational pillars, which are Macroeconomic stability, Private sector-led economy, the democratisation of the country, Infrastructure development, social protection programmes and the Normalization of International Relation,” he said.

More importantly for fiscal authorities, the TSP has strengthened real sector progress with agriculture benefiting from mechanisation and inputs supply programmes expected to boost food security in the country.

Furthermore, Professor Ncube noted how the TSP has supported the mining, manufacturing and tourism industries.

“We have made real sector reforms in all the productive sectors of the country and productivity has increased in agriculture, mining, tourism and manufacturing industry all to the benefit of Zimbabwe,” he added.

In between the successes of the TSP, development was however slowed down by Cyclone Idai, drought and the COVID-19 Pandemic.

According to the Finance minister, the gains of the TSP will be solidified by the incoming National Development strategy that will run from 2021 to 2025.

The post Transitional Stabilization Programme brought macro-economic stability: FinMin appeared first on ZBC NEWS.

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