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
National Assembly (Cape Verde) by the Assembly on 12 February 1981. That same year the Cape Verdean branch of the PAIGC, which was also the ruling party in Guinea-Bissau, was renamed African Party for the Independence of Cape Verde (PAICV). Elections for an enlarged 83-seat National People's Assembly took place on 7 December 1985. For the first time a few independent, PAICV-endorsed candidates won seats in the legislature. In 1990, Cape Verde became one of the first African countries to abandon one-party rule and embrace multiparty democracy. The first multiparty National Assembly elections took place on 13 January 1991. The ruling PAICV was soundly