The FAO defines LIFDCs as nations that are 1) poor - with an annual net per capital income below the level the World Bank uses to determine eligibility for IDA assistance; currently that level is US$1,505 per person; 2) Net importers of food. In many cases, these nations cannot produce enough food to meet their needs and lack sufficient foreign exchange to purchase food on the international market. Currently, the FAO list 83 nations as LIFDCs - 42 in Africa, 24 in Asia, 7 in Latin America and the Carribean, 7 in Oceania, and 3 in Europe.