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 Guinea and Cape Verde unprecedented as it denounced the Portuguese colonial rule as aggression and occupation. The UN recognition was prior to Portuguese recognition. The conflict had seen 1,875 Portuguese soldiers (out of 35,000 stationed in Portuguese Guinea) and some 6,000 (out of 10,000) PAIGC troops killed by the end of the eleven-year war. After achieving independence, the PAIGC was instituted as the sole legal political party of Guinea-Bissau and Cape Verde, with Luís Cabral becoming President of Guinea-Bissau. A second set of one-party elections were held in 1976 and 1977. Although the PAIGC strove for a union between Guinea-Bissau and Cape Verde, the