middle-income country (MIC)
Avoid middle-income trap at all costs
Bangladesh should be careful about falling into the middle-income trap, said Axel van Trotsenburg, the World Bank’s managing director of operations.
BANGLADESH'S GRADUATION FROM THE LDC GROUP: PITFALLS AND PROMISES / Clarifying the MIC-LDC confusion
The national development discourse in Bangladesh often mistakenly considers graduating from the Least Developed Country (LDC) category and becoming a middle-income country (MIC) as interchangeable. Senior-level policymakers continue to express their aspiration for the country to join the middle-income group by 2021, which marks the 50th anniversary of Bangladesh's independence.
Avoid middle-income trap at all costs
Bangladesh should be careful about falling into the middle-income trap, said Axel van Trotsenburg, the World Bank’s managing director of operations.
Clarifying the MIC-LDC confusion
The national development discourse in Bangladesh often mistakenly considers graduating from the Least Developed Country (LDC) category and becoming a middle-income country (MIC) as interchangeable. Senior-level policymakers continue to express their aspiration for the country to join the middle-income group by 2021, which marks the 50th anniversary of Bangladesh's independence.
