20 Aug 2016 15:50pm
RUNDU, 20 AUG (NAMPA) - The transition from the fourth National Development Plan (NDP4) to NDP5 will provide an opportunity to evaluate progress and improve development planning in order to ensure that the intended structural changes necessary to achieve Vision 2030 are in place.
This was said by Deputy Minister of Economic Planning and the National Planning Commission (NPC), Lucia Iipumbu at a regional consultative meeting on the formulation of NDP5 at Rundu on Thursday.
NDP5 will be launched in April 2017 as NDP4 comes to an end in March 2017.
What makes NDP5 even more special is the fact that it is the third-last plan before
Vision 2030. At the end of NDP5 we will only have eight years to go before 2030, Iipumbu stated.
In 2004, Namibia adopted Vision 2030 , a document that clearly spells out the country's development programmes and strategies to achieve its national objectives.
Iipumbu explained that the formulation process will take into consideration lessons learned from NDP4 to ensure that the process is all-encompassing and draw lessons from developing countries that successfully used economic planning.
The formulation of NDP5 will also focus on aligning the plan to other national planning processes such as the Harambee Prosperity Plan and other national policies and take into consideration international and regional development policy frameworks.
We are proud to report that much has been achieved. Our economy has been well
managed over the years and as a result we achieved macroeconomic and financial stability, she noted.
Iipumbu said during NDP4, the economy recorded average growth of 5.7 per cent over the first four years, which was higher average growth than previous plans.
What is even more interesting is the fact that since NDP1 the average economic growth has been increasing in each plan. It is our hope that with the spirit of Harambee of working together it is possible that during NDP5, we may experience even higher growth, the deputy minister said.