Nepal graduates to lower-middle-income country: World Bank « Khabarhub
Saturday, July 20th, 2024

Nepal graduates to lower-middle-income country: World Bank


03 July 2020  

Time taken to read : < 1 Minute


  • A
  • A
  • A

KATHMANDU: Nepal has graduated from a low-income country to a lower-middle-income country as per the statistics released by the World Bank on Thursday.

The World Bank has placed countries with a per capita income of USD 1,036 to 4,045 in 2019 in the lower-middle-income group. In 2019, Nepal’s per capita income reached 1,090 US dollars, according to the World Bank.

The World Bank has placing countries with a per capita income of less than USD 1,035 in the low-income group.

According to the World Bank, Nepal, Tanzania and Benin have been elevated in this category. Indonesia has become a high-middle income country. Similarly, Mauritius, Nauru and Romania have graduated to high-income countries.

In 2019, the per capita income of the Maldives was USD 9,650. The Maldives is the only upper-middle-income country in South Asia.

Publish Date : 03 July 2020 19:34 PM

These are the parties likely to support PM Oli’s trust motion

KATHMANDU: Newly elected Prime Minister KP Sharma Oli is set

PM Oli to take vote of confidence on Sunday

KATHMANDU: Prime Minister KP Sharma Oli is set to take

Ghimire nominated as chief whip of Nepali Congress parliamentary party

KATHMANDU: Shyam Kumar Ghimire has been appointed as the Chief

Farmer earns Rs 1.6 million from dragon fruit sales in a year

TANAHU: Kalpana Gauli, a farmer from Vyas Municipality-5, earned Rs

What happens if Biden drops out of presidential race?

WASHINGTON: Despite major donors reluctant to keep campaign funds flowing