Lower-middle Income

The leaders said they would step up efforts to implement the Common Framework for debt treatments in a "predictable, timely, orderly and coordinated manner"

People face a litany of barriers to accessing vaccines and treatments from undersupply of vaccines and treatments, to underfunding of health systems, and poor adaptation to local needs

Has the 5G auction been a success? Who is the new World Bank chief economist, Indermit Gill? Are telecom stocks worth your hard-earned money? What is a middle-income trap? All answers here

A middle-income trap is a situation in which a country attains a certain average income and gets stuck at that level, failing to graduate to a high income group. Let's know more about this trap

Like India, multiple lower middle income countries face power outages

While the recovery in sentiments in July is impressive, it needs better traction in the critical income groups

The scheme, which has been extended to March 2021, offers interest subsidy of 3-4% to middle-income groups, depending on their income levels

Huge losses are expected across different income groups, especially in upper-middle income countries (7 per cent, 100 million full-time workers), said the ILO

On virtually all parameters, India in 1990 was a laggard compared to the other lower-middle income (LMI) countries. But in the past 25 years, India has done better than the LMI group; sometimes closed the gap or caught up with their numbers, and sometimes moved ahead