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
Flag of Cape Verde Flag of Cape Verde The national flag of Cape Verde was adopted on September 22, 1992, replacing the flag adopted during Cape Verdean independence, fought for with Guinea-Bissau, another former Portuguese colony on mainland West Africa. The National Flag of the Republic of Cabo Verde has five unequal horizontal bands of blue (six-twelfths), white, red, white (each of the bands are one-twelfth) and blue (three-twelfths) with the circle of ten yellow five-pointed stars centered on the red stripe and positioned three-eighth of the length of the flag from the hoist-side. The top-most blue band is equal to one half the