The World Bank has declared Tanzania a Middle Income Country.
In his tweet, President John Magufuli said all Tanzanians “envisaged to achieve the status by 2025 but,with strong determination, this has been possible in 2020.”
According to the World Bank, middle-income countries (MICs) are defined as economies with a Gross National Income (GNI) per capita between $1,026 and $12,475.
MICs are one of the income categories that the World Bank uses to classify economies for operational and analytical purposes.
Image may contain: 1 person, text that says ‘Dr John Magufuli @MagufuliJP Today, the World Bank has declared Tanzania Middle Income Country. In this regard, congratulate all my compatriots for this historic achievement. We had envisaged to achieve this status by 2025 but, with strong determination, this has been possible in 2020. GOD BLESS TANZANIA.’
