The Zimbabwean government has launched a new macroeconomic framework outlining the vision for sustained economic development.

The framework, titled "Zimbabwe: Towards Sustained Economic Growth for 2005 to 2006," aims at reducing poverty and improving the living standards of the people, Acting Finance and Economic Development Minister Herbert Murerwa said on Thursday.

He said that the fiscal, monetary and sectoral policy measures including national budgets and monetary policy statements, would be rooted in this framework.

The framework also focuses on increasing capacity utilization in all productive sectors of the economy including agriculture, manufacturing, water, energy, mining, construction, tourism, transport and communications.

Murerwa added that the framework also aimed at addressing challenges confronting development efforts while notable progress had been achieved in addressing some of these challenges under theNational Economic Revival Program that the government has been implementing since 2003.

Source: Xinhua