Policy Execution Dilemmas Over the Years

Kenneth Mahuni (), James Zivanomoyo (), Puruweti Siyakiya () and Simba Mutsvangwa ()
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Kenneth Mahuni: University of Mauritius
James Zivanomoyo: Great Zimbabwe University
Puruweti Siyakiya: National University of Lesotho
Simba Mutsvangwa: Bindura University of Science Education

Chapter Chapter 4 in Zimbabwe’s Economy, 2025, pp 75-91 from Springer

Abstract: Abstract The chapter delves deeper into numerous policy missteps experienced by Zimbabwe like other post-independent colonial states. With numerous aims and objectives targeted at improving the economy, the policies did encounter setbacks. The policies included: the TND which was anchored on post-war reconstruction, the first FYDP, second FYDP, health policy, National Gender Policy and ESAP. ZIMPREST came after ESAP. Both ESAP and ZIMPREST lacked local ownership and were viewed as IMF and WB imposed. Other economic programmes were MERP. MERP was hinged on the fiscal policy adjustment targets under ESAP, ZIMPREST and the Millennium Budget of October 1999. NERP launched in 2003 had the objective to provide humanitarian support in the face of drought. Both NERP and MERP failed due to loss of macroeconomic balance. In 2009, STERP I was launched with the aim of stabilising the economy. The major achievement of STERP I was the rapid reduction of inflation due to the adoption of multicurrency. STERP II had a three-year macroeconomic policy and budget framework. MTP’s theme was to transform capacities for sustainable economic growth. Its objectives were, among other things, infrastructure development. Other policies that came after MTP were ZIMASSET, IDP, NTP and NIDP.

Keywords: ESAP; Growth with equity; NERP; STERP I; ZIMASSET (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/978-3-031-81588-1_4

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