The world’s Middle Income Countries (MICs) are a diverse group by size, population, and income level. They are defined as lower middle-income economies - those with a GNI per capita between $1,036 and $4,045; and upper middle-income economies - those with a GNI per capita between $4,046 and $12,535 (2021).
Fragility, conflict, and violence (FCV) is a critical development challenge that threatens efforts to end extreme poverty, affecting both low- and middle-income countries. By 2030, up to 2/3 of the world's extreme poor could live in FCV settings. Conflicts also drive 80% of all humanitarian needs. Violent conflict has spiked dramatically since ...
Middle East and North Africa: Even though the region saw an increase in the number of people living on less than $1.90 a day, levels of extreme poverty remained low. However, the region had more people living on less than $5.50 per day in 2015 than in 1990.
Using a database developed jointly with UNESCO Institute of Statistics, the Bank estimates that 53 percent of children in low- and middle-income countries cannot read and understand a simple story by the end of primary school. In poor countries, the level is as high as 80 percent.
As a result, Bangladesh reached lower-middle-income status in 2015 and is on track to graduate from the UN’s Least Developed Countries (LDC) list in 2026. Poverty declined from 44 percent in 1991 to 15 percent in 2016, based on the international poverty line of $1.90 a day (using 2011 Purchasing Power Parity exchange rate).
The work program will support the development of global knowledge on cybersecurity solutions for low- and middle-income countries. It will fund country maturity assessments, offer technical assistance, and support training and capacity development for cybersecurity staff in World Bank client countries.
Figure 2 below illustrates the implications. Using the International Poverty Line ($1.90), the incidence of poverty in lower middle-income countries is 15.5%, as opposed to 45.8% in low-income countries. Using the $3.20 line, however, the incidence in lower middle-income countries is 46.7%.
For instance, low-income countries spent about $6 per person on COVID-19-related social protection, while lower middle-income countries spent an average of $26 per head. As a result, job losses translated into income losses for two-thirds of households on average – more severe for households with women, young and less-educated workers – and ...
In the developing world, in all low- and middle-income countries, more than half of children cannot read and understand a simple text by age 10. We call that the rate of “learning poverty”. More precisely, on average learning poverty in these countries is 53%. In poor countries alone, that share increases to an astonishing 89%.
In low-income countries, only 1 in 4 businesses have any female owners. In middle- and high-income countries, the rates are at 36% and 37%, respectively. While it might be harder for women to become owners in incumbent businesses, with global efforts and initiatives to improve women’s entrepreneurship, we might see a higher participation of ...