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
Politics of Cape Verde declares that the government is the "organ that defines, leads, and executes the general internal and external policy of the country" and is responsible to the National Assembly. Following independence in 1975, the African Party for the Independence of Guinea and Cape Verde (PAIGC) established a one-party political system. This became the African Party for the Independence of Cape Verde (PAICV) in 1980, as Cape Verde sought to distance itself from Guinea-Bissau, following unrest in that country. In 1991, following growing pressure for a more pluralistic society, multi-party elections were held for the first time. The opposition party, the Movement