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
Cape Verde coast make up the majority of foreigners in the country. Over the last several years, a few thousand Europeans and Latin Americans have settled in the country. On the islands, there are over 22,000 foreigners/naturalized Cape Verdeans who hail from over 90 countries around the world living and working on a permanent basis. Over the years, Cape Verde has increasingly become a net immigration country due to its relative high per capita income, political and social stability, and freedom. Emigrants from the Cape Verde islands to North America have a long history of involvement with the armed forces. Enlisting in