Monday 3 August 2020
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allafrica - 25 days ago

Tanzania: Economic Classifications and What They re All About

[Citizen] On July 1, 2020, Tanzania officially crossed a threshold and was elevated from the low-income to the lower middle-income bracket of developing countries in the World Bank s classification of countries. This is an important milestone. However, this must not be confused with a country graduating from the United Nations least developed countries (LDCs) category. Tanzania has made great strides in economic growth in the last two decades, but it still has a long way to go before climbing out of the LDC group.

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