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.

January 23, 2023
January 23, 2023

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.

March 21, 2018
March 21, 2018

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.