Bangladesh, Kenya, Myanmar move up income ranks - World Bank


  • World
  • Friday, 03 Jul 2015

Bangladesh's Prime Minister Sheikh Hasina addresses the 69th United Nations General Assembly at the U.N. headquarters in New York September 27, 2014. REUTERS/Eduardo Munoz

DHAKA (Reuters) - The World Bank has upgraded Bangladesh, Kenya, Myanmar, and Tajikistan to its lower middle income classification from least developed countries (LDCs) while South Sudan has fallen back into the low-income group.

In a statement released late on Thursday, the World Bank said Gross National Income per capita (GNI) was continuing to improve in these countries, allowing them to join the group where annual incomes range from $1,046 to $4,125.

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