After hitting this milestone, the country’s chief economist says the challenge is now both 'making the growth faster' and 'more inclusive so that poverty reduction can be faster'

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.

MANILA, Philippines – The Philippines stands at an important moment in its development journey. Its transition to upper-middle income country (Umic) status on July 1st 2026, is…

After hitting this milestone, the country’s chief economist says the challenge is now both 'making the growth faster' and 'more inclusive so that poverty reduction can be faster'