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Proposed New Grouping in WEO Country Classifications: Low-Income Developing Countries

Proposed New Grouping in WEO Country Classifications: Low-Income Developing Countries
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Volume/Issue: Volume 2014 Issue 016
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Economics- Macroeconomics , PP , country , PRGT , WEO country classification system , income level , PRGT-eligible country , PRGT-eligibility review , graduation level , Personal income , National income

Summary

This note develops a definition of a new category of countries (Low Income Developing Countries (acronym: LIDCs)) that can be deployed to (a) facilitate enhanced coverage of low income country issues in the Fund’s flagship products and (b) serve as a standardized definition of the “low income country” universe in staff analytical work.1 While use of the proposed definition in analytical work would be encouraged, it would not be required.