Economy of Cape Verde Economy of Cape Verde Cape Verde is a small archipelagic nation that lacks resources and has experienced severe droughts. Agriculture is made difficult by lack of rain and is restricted to only four islands for most of the year. Most of the nation's GDP comes from the service industry. Cape Verde's economy has been steadily growing since the late 1990s, and it is now officially considered a country of average development, being only the second African country to have achieved such transition, after Botswana in 1994. Cape Verde has significant cooperation with Portugal at every level of the economy, which
Movement for Democracy (Cape Verde) However, in the presidential elections in the same year, MpD candidate Jorge Carlos Fonseca defeated the PAICV's Manuel Inocêncio Sousa by 54–46%. Movement for Democracy (Cape Verde) The Movement for Democracy (, MpD) is a Christian democratic and liberal party in Cape Verde. Established in 1990, it was the ruling party from 1991 to 2001 and returned to power in the 2016 parliamentary election. Its members are nicknamed "os ventoinhas" ("the wind fans"). The MpD was established on 14 March 1990 by Carlos Veiga after Prime Minister Pedro Pires of the African Party for the Independence of Cape Verde (PAICV,