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
Flag of Cape Verde African colours of red, green and yellow, and was identical to the flag of Guinea-Bissau except for the proportions and the charge in the hoist-side stripe. Their similarity evoked the plans to unite both countries, which, however, were abandoned shortly after independence. Guinea-Bissau gained independence on 10 September 1974. Flag of Cape Verde The national flag of Cape Verde was adopted on September 22, 1992, replacing the flag adopted during Cape Verdean independence, fought for with Guinea-Bissau, another former Portuguese colony on mainland West Africa. The National Flag of the Republic of Cabo Verde has five unequal horizontal bands of