World Bank downgrades Jordan to lower-middle income country ...Kuwait

The New Arab - News

The World Bank has downgraded Jordan to the status of lower-middle-income country in a recent revision of its classification data. The report, which was released on 30 June, declared that Jordan was the only country to receive a downgraded classification, moving it from upper-middle income status to the lower-middle income category. The report cited an 8.6 percent upward revision on Jordan's population estimate by the United Nations Population Division, as the main reason for the downward classification. Seven other countries received an upward classification in the report. Ahmed Awad, the director of the Phenix Center for Economic and Informatics Studies, told The

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Last updated : 05 July 2023 clock 01:20 PM

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World Bank downgrades Jordan to lower-middle income country ...Kuwait

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