Bangladesh has also recently advanced from a low-income country to a low-middle income country on the World Bank’s scale. Bangladesh will undergo a few years of observation and can officially graduate to a developing country by 2024 at the earliest. At the start of the discussion, bdnews24.com Editor-in-Chief Toufique Imrose Khalidi advised Bangladesh to begin preparations for the change as soon as possible. “We will only be called a developing country once we have maintained our standing in the three criteria for the next six years. Income inequality measured by the Gini coefficient widened to 0.48 from 0.24 during Bangabandhu’s time in 1974, he said.

Source: bd News24 March 24, 2018 06:56 UTC