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Makhtar Diop: Global share of low-income economies fell from 30% to 11% since 1987

Makhtar Diop: Global share of low-income economies fell from 30% to 11% since 1987
Low-income economies drop to 11 percent

Makhtar Diop highlights that income classifications are an important tool for monitoring how economies change over time. Since 1987, the proportion of economies classified as low-income has decreased from 30% to 11%, indicating significant economic progress over the decades. Six countries have transitioned into higher income categories according to this year's assessment by World Bank Group.

Diop has previously focused on sectors contributing to economic growth, noting how agriculture in Honduras supports job creation and rural development. He has also reported on a World Bank Group initiative that provided over $235 million to Caribbean nations for hurricane recovery. These efforts reflect ongoing engagement in supporting sustainable development and resilience in emerging economies.

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