Kenya moves up income ranks as South Sudan falls back

The World Bank has upgraded Bangladesh, Kenya, Myanmar, and Tajikistan to its lower middle income classification from least developed countries (LDCs) while South Sudan has fallen back into the low-income group.

In a statement released late on Thursday, the World Bank said Gross National Income per capita (GNI) was continuing to improve in these countries, allowing them to join the group where annual incomes range from $1,046 to $4,125.