### Question
How is the "less developed country" defined?


### Answer
The term **less developed country** is defined in *22 U.S.C. § 9601* as follows -

> a country with a low-income economy, lower-middle-income economy, or upper-middle-income economy, as defined by the International Bank for Reconstruction and Development and the International Development Association (collectively referred to as the "World Bank")

#### Citation:
  - *22 U.S.C. § 9601*
  - Heading: **CHAPTER 103-BETTER UTILIZATION OF INVESTMENTS LEADING TO DEVELOPMENT**

