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
Literature of Cape Verde published in 1893. The first two libraries in the archipeolago first opened in the late 19th century during the colonial era, they were the "National Library and Museum" ("Biblioteca e Museu Nacional") in Praia and the "Mindelo Municipal Library" ("Biblioteca municipal do Mindelo") first opened in 1880. The rise of literature coincided with the rise of nationalism and independence in Cape Verde. Literature flourished in the 20th century. "Diário" was published in 1929 by Portuguese António Pedro, it would plant the seeds for the creation of Claridade along with the Portuguese magazine "Presença" which was also read in Cape Verde