Accelerating Middle-income Countries’ Progress Towards Sustainable Development

Middle-income countries (MICs), defined in terms of gross national income per capita, are a large and heterogeneous group of countries that differ across a broad range of development indicators. Despite their differences, MICs have common aspirations and contend with similar challenges. The recent confluence of crises has caused severe setbacks that have compounded longer-term development bottlenecks. Many MICs require international support to address current and long-term challenges. Eligibility criteria that rely only on income per capita limit available support – including access to concessional finance – without accounting for MICs’ multidimensional development needs.