African Party for the Independence of Cape Verde a guerrilla warfare campaign in cooperation with its fraternal party umbrella group, the CONCP, during the Portuguese Colonial War. By 1973 the PAIGC controlled Guinea-Bissau, while Portugal's own Carnation Revolution in 1974 effectively dissolved the empire, relinquishing Cape Verde within the next year. After the wars of national liberation, the PAIGC established a socialist state within both territories under Amilcar Cabral's brother, Luís Cabral. Following a military coup in Guinea-Bissau that ousted Cabral in November 1980, the Cape Verde portion of the party became the PAICV in January 1981; it was headed by the President of Cape Verde, Aristides Pereira.
Cape Verde at every level of the economy, which has led it to link its currency first to the Portuguese escudo and, in 1999, to the euro. On 23 June 2008 Cape Verde became the 153rd member of the WTO. In early January 2018, the government announced that the minimum wage would be raised to 13,000 CVE (US$140 or EUR 130) per month, from 11,000 CVE, which was effective in mid-January 2018. The European Commission's total allocation for the period of 2008–2013 foreseen for Cape Verde to address "poverty reduction, in particular in rural and periurban areas where women are heading the