Revision of the IMU definition of Developing Countries
This October, the IMU Executive Committee endorsed the proposal made by the Commission for Developing Countries (CDC) regarding the definition of Developing Countries to be used by IMU during the next 4-year period. The list consists of all the countries classified by the World Bank (WB) in the categories: Low income (<USD 1.025), Lower middle income (USD 1.026 – 3.995), and Upper middle income (USD 3.996 – 12.375) in accordance with the WB Database by July 2019.