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
National Assembly (Cape Verde) the same year. Cape Verde has thirteen constituencies for the National Assembly, 10 are in Cape Verde and the other three are abroad. National Assembly (Cape Verde) The unicameral National Assembly (Portuguese: "Assembleia Nacional") is the legislative body of the Republic of Cape Verde. The country's first legislative election took place in June 1975. The body was known as the National People's Assembly and its members came from the African Party for the Independence of Guinea and Cape Verde (PAIGC), which was the sole political party allowed to field candidates. They elected PAIGC Secretary-general Aristides Pereira President on 5 July