World Bank Finally Reclassifies Russia to Top Category: ‘High Income Country’
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World Bank Finally Reclassifies Russia to Top Category: ‘High Income Country’

by Eric Zuesse, The Duran: On July 1st, the World Bank headlined “World Bank country classifications by income level for 2024-2025”, and reported that, “This year, three countries — Bulgaria, Palau, and Russia — moved from the upper-middle-income to the high-income category.” Their explanation in the case of Russia (the only large country among the three) […]