Cape Verde economic performance was bolstered by one of the fastest growing tourism industries in the world, as well as by substantial capital inflows that allowed Cape Verde to build up national currency reserves to the current 3.5 months of imports. Unemployment has been falling rapidly, and the country is on track to achieve most of the UN Millennium Development Goals – including halving its 1990 poverty level. In 2007, Cape Verde joined the World Trade Organization (WTO) and in 2008 the country graduated from Least Developed Country (LDC) to Middle Income Country (MIC) status. Cape Verde has significant cooperation with Portugal
African Party for the Independence of Cape Verde 21 August 2011, Manuel Inocêncio Sousa lost to Jorge Carlos Fonseca (MpD) with 32.66% of the votes in the first round and 45.74% in the second round. The PAICV, which advertises itself as an Africa-oriented political party in contrast to the somewhat neoliberal and europhile MpD, enjoys its greatest support in the municipalities most comparable to those on the African mainland: the dense urban areas such as Praia, and rural agricultural areas such as Santa Cruz and São Filipe. The party is a full member of the Socialist International. African Party for the Independence of Cape Verde The African Party