Term:
Relatively less developed [IDA]
Definition:

Criterion used by IDA to determine eligibility for IDA lending. The guideline currently defines it as per capita income of $790 or below at 1985 prices, though the effective rate (because of scarcity of IDA funds and the availability of commercial lending) has been $570 or below, except for a few very small island economies (e.g. Tonga, Grenada, Dominica).

Domain:
Finance
Source:
World Bank: Glossary of Finance and Debt
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