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Cape Verde: More developed, more vulnerable

PRAIA: One year after shedding its UN rank as a least developed country, Cape Verde now faces the challenge of emerging onto the global market as a middle-income country - during a worldwide recession, according to the World Bank.

6 Feb 2009

Cape Verde became the second country, after Botswana, to leave the grouping of the world's poorest countries in December 2007, leaving 49 least developed countries (LDC).

UN criteria for moving past LDC status are a per capita income of at least US$900; strong human resources as measured by literacy, nutrition and health education; and a stable economy.

Reda the full article on IRIN.