Despite struggling economy, South Sudan gets World Bank ‘upgrade’

The World Bank announced last week its new income classification for countries that could potentially influence the type of assistance these nations may receive from the Washington, D.C.-based financial institution.

The new threshold, traditionally based on a nation’s per capita income, grew consistently across all income classifications. Countries are considered low-income if their gross national income per capita is $1,045 or less — up by $10 from $1,035 last year — while the threshold for the lower-middle income countries also increased to $1,046 to $4,125 from $1,036 to $4,085 last year.

GNI per capita for upper-middle income countries, on the other hand, grew to $4,126 to $12,746 — up from $4,086 to $12,615 last year — while the threshold for high-income countries also spiked to at least $12,746 from $12,616 a year ago.

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