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
Santiago, Cape Verde 19th century resulted in an economic crisis, and the growing port of Mindelo on São Vicente replaced Praia as the most important port. With few natural resources and inadequate sustainable investment from the Portuguese, the citizens grew increasingly discontented with the colonial masters, who nevertheless refused to provide the local authorities with more autonomy. The island population were disadvantaged by the Portuguese colonial system and supported Amílcar Cabral and the African Party for the Independence of Guinea and Cape Verde and the independence of 1975. Santiago is the largest island of Cape Verde, with an area of . It is