World Bank Downgrades Namibia’s Income Status Amid GNI Decline
Understanding Namibia's Economic Shift: A Close Look at Recent Developments
In a significant turn of events, Namibia has found itself marked by a downward adjustment in its economic classification. This change, unveiled in the World Bank's Fiscal Year 2026 Updated Country Income Classification, primarily hinges on a decline in the country's Atlas Gross National Income (GNI) per capita. Thus, Namibia's income status has shifted, falling below the new threshold of US$4,495 necessary to maintain its upper-middle-income…