are defined by the World Bank as countries with a GNI per capita of $1,046 to $12,735 (calculated by the World bank Atlas mehtod). Lower-middle-income and upper-middle-income economies are separated at a GNI per capita of $4,125. Currently there are 104 MICs which vary significantly in size, population, and national income facing a number of different development challenges. This heterogenous group accounts for five billion people - 73% of the world’s poor - and approx. one third of the global GDP.