DHAKA: US Embassy in Dhaka has congratulated Bangladesh Thursday for becoming a lower-middle income country, meeting the World Bank's requirements.

Bangladesh and two other countries were upgraded to the lower-middle income category by the World Bank, with Bangladesh's per capita income rising from $1,190 to $1,314.

Earlier, the World Bank (WB) upgraded Bangladesh to a lower middle-income country from a lower-income country.

Apart from Bangladesh, three other countries --Kenya, Myanmar, and Tajikistan -- now become lower-middle income countries, joining those with annual incomes of $1,046 to $4,125, according to the latest data published by the WB Wednesday.

The World Bank’s latest estimates of Gross National Income per capita (GNI) continue to show improved economic performance in many low-income countries, with Bangladesh, Kenya, Myanmar, and Tajikistan.

BDST: 1405 HRS, July 2, 2015
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