4
Aug
Namibia’s Reclassification as a Mirror, Not a Stigma
Every year, the World Bank Group classifies the world’s economies into four income groups: low, low-middle, upper-middle, and high. These classifications get updated each year on 1 July, based on the previous year’s Gross National Income (GNI) per capita, expressed in U.S. dollars using the Atlas method. Based on the…