Definition: Upper-middle-income countries
External debt - IMF
In the context of the Paris Club, countries not considered lower-middle-income or low-income countries.
These countries receive nonconcessional rescheduling terms, originally with flat repayment schedules, but in the 1990s increasingly with graduated payment schedules that have a maturity of up to 15 years and a grace period of 2–3 years for commercial credits.
Official development assistance credits are rescheduled over 10 years, including a grace period of 5–6 years.
The World Bank classifies as upper-middle-income those countries with GNP per capita income of between $2,996 and $9,265 in 2000.
International Monetary Fund (IMF), "External Debt Statistics: Guide for Compilers and Users; Appendix III. Glossary of External Debt Terms", Washington D.C., 2003