GOVERNMENT has temporarily shelved establishing the National Economic Council (NEC) until elections are held, a government official said.
Report by Gamma Mudarikiri
Ministry of Economic Planning and Investment Promotion permanent secretary Desire Sibanda told businessdigest this week that government was currently busy with election preparations.
Sibanda said the constitution to guide the operations of the economic council had been finalised, adding the completion of the whole process was expected after elections.
“The constitution for NEC has been finalised but the process to establish the council will be completed after elections,” Sibanda said.
“Government at the moment is busy with preparations for the elections.”
NEC was supposed to have been established in 2009 as part of the key agreements among the principals to the Global Political Agreement (GPA).
The process of establishing the board, however, continues to drag and is taking longer than expected to be finalised.
The establishment of the council is according to Article 3C of the GPA where parties agreed to establish the council composed of parties in the manufacturing, agriculture, mining, tourism, commerce, finance, labour, academia and other relevant sectors.
The council would comprise 20 representatives from civil society, government, industry and commerce, with a mandate to conduct policy research and advise government on policy formulation and implementation.
Government policies, programmes, budgets and the Medium-Term Plan (MTP) would be executed through advisory services provided by the think tank.
Zimbabwe’s economy continues to decline because of inconsistences in policy formulation and implementation.
The economy this year is projected to grow by 5%, far below the MTP target of 7,1% growth per annum.