Zimbabwe economic plan sets growth goal of 8%

Zimbabwe published the first volume of a long-awaited transitional development plan designed to transform its economy in the interests of socialism and equality.

Volume I of the two-part development plan envisages investment of $7.9 billion between July 1982 and June 1985 - almost 40 percent of it from foreign-aid donors. In what may be the most important economic development since independence in April 1980, the Ministry of Economic Planning and Development has set itself a real growth target of 8 percent a year during the period.