Cape Verde independence for the archipelago in 1975. Following the April 1974 revolution in Portugal, the PAIGC became an active political movement in Cape Verde. In December 1974, the PAIGC and Portugal signed an agreement providing for a transitional government composed of Portuguese and Cape Verdeans. On 30 June 1975, Cape Verdeans elected a National Assembly which received the instruments of independence from Portugal on 5 July 1975. In the late 1970s and 1980s, most African countries prohibited South African Airways from overflights but Cape Verde allowed them and became a centre of activity for the airline's flights to Europe and the
Cape Verde at every level of the economy, which has led it to link its currency first to the Portuguese escudo and, in 1999, to the euro. On 23 June 2008 Cape Verde became the 153rd member of the WTO. In early January 2018, the government announced that the minimum wage would be raised to 13,000 CVE (US$140 or EUR 130) per month, from 11,000 CVE, which was effective in mid-January 2018. The European Commission's total allocation for the period of 2008–2013 foreseen for Cape Verde to address "poverty reduction, in particular in rural and periurban areas where women are heading the