World Bank Reveals FY26 Country Income Classifications
Source: Understanding country income: World Bank Group income classifications for FY26 (July 1, 2025–June, 2026) (2025-07-02)
The World Bank Group has released its income classifications for countries in FY26, providing updated insights into global economic standings. These classifications help shape development strategies and financial assistance by categorizing countries based on their income levels. This new categorization aims to improve understanding of economic disparities worldwide and guide policymakers and stakeholders in making informed decisions. The data blog offers detailed explanations of the classifications, emphasizing their importance for global development efforts.