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
History of Cape Verde 1956, Amílcar and Luís Cabral founded the African Party for the Independence of Guinea and Cape Verde.) Although the Cape Verdeans were treated badly by their colonial masters, Portuguese treatment of Cape Verdeans was distinct from their treatment of other colonized regions, and the people of Cape Verde fared slightly better than Africans in other Portuguese colonies because of their lighter skin. A small minority received an education and Cape Verde was the first African-Portuguese colony to have a school for higher education. By the time of independence, a quarter of the population could read, compared to 5% in Portuguese