Every July 1, the World Bank releases updated income classifications for the new fiscal year, often resulting in headlines about various countries’ graduations to “middle income” status. But despite the global attention to these classifications and graduations, there is still widespread confusion about their meaning and significance. Let’s explore three myths that could be leading you astray.
With rigorous economic research and practical policy solutions, we focus on the issues and institutions that are critical to global development. Explore our core themes and topics to learn more about our work.