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Zim MDC launches economic blueprint

Nov 30 2012 10:41 Malcom Sharara, Fin24's correspondent in Zimbabwe
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Harare - One of Zimbabwe’s political parties, The MDC-T, led by Morgan Tsvangirai on Thursday unveiled its economic blueprint with measures to create jobs and lure billions in investment.

Speaking at the launch of the economic blueprint dubbed Jobs, Upliftment, Investment Capital and the Environment (Juice), Tsvangirai said Zimbabwe desperately needs new domestic and foreign investment in order to increase capital formation.

Through Juice, the MDC promises to create one million new jobs between 2013-2018. It also projects average growth rate of 8% per annum between 2013-2018 and promises a $100bn first world economy by 2040 among other things.

According to the economic blueprint seen by Fin24, the MDC says it has to generate decent jobs for the young men and women that are leaving colleges and universities.

“The MDC believes that in order to spur sustainable economic growth, it is imperative to grow the national cake,” the party said adding that concentrating on sharing the existing small and diminishing cake is a recipe for disaster.

The MDC lambasted the current version of indigenisation which it said is tantamount to nationalisation and expropriation and it is clearly a political gimmick by Zanu PF.

“Juice advocates for a Broad Based Economic (BBE) upliftment of citizens by expanding people’s choices in attaining sustainable livelihoods, not through asset stripping and looting,” said Tsvangirai in his foreword to the economic blueprint.

 - Fin24

 

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