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
Administrative divisions of Cape Verde the President of the Câmara Municipal. Where a municipality consists of several "freguesias" (civil parishes), a "Delegação Municipal" (municipal delegation) is established in the parishes that do not contain the municipal seat. The islands are traditionally divided in two geographic regions (with no administrative meaning): Island group: The uninhabited island of Santa Luzia and all uninhabited islets, including Raso and Branco, are not part of any municipality, but are in the public domain of the state of Cape Verde. Administrative divisions of Cape Verde The territory of Cape Verde is divided into 22 concelhos (municipalities), and subdivided into 32 freguesias