Six countries moved into higher income categories this year, with five shifting from lower-middle to upper-middle income status and one moving from low to lower-middle income, according to the World Bank Group.

Six countries moved into higher income categories this year, with five shifting from lower-middle to upper-middle income status and one moving from low to lower-middle income,…

The World Bank has elevated Sri Lanka, Vietnam, and the Philippines to upper-middle-income status, highlighting their sustained economic growth and post-crisis recovery efforts.