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The article reports the termination of Cape Verde's classification as a least developed country by 2008. This turning point coincides with various notable events on the country's economy including its significant growth by 10.8 percent and increased revenues from the tourism sector. José Brito, Minister of Economy, Growth and Competitiveness, stresses that the growth of accumulated profit generated by the sector serves as a surplus for the government's operating budget. However, despite this development Cape Verde remains to keep an official poverty rate of 37 percent as it continues to count on grants and loan aid.

The article explores the impact of the tourism sector on the economic development of Cape Verde. The country's terrorism has been tagged as the driver of its economic growth with a significant increase of 40 percent on arrivals between 2002 to 2007 and the doubling of accommodation capacity to 11,000 beds since 2000. In response to this trend, the government starts working on a master plan to anticipate possible weaknesses in accommodation. The author states that Sal is the main point of tourist-related development in Cape Verde as it remains to be the only island in the country with international air access.

The article discusses the transmission of the financial assistance of the European Union and other donors into direct budget support for Cape Verde. This trend provides the government with more opportunities to work on immediate action for the country. The author stresses that the altered gross domestic product (GDP) estimate reflects the achievement of the government's target of reaching double-digit growth by 2011. He also highlights the contribution of tourist-related foreign investment as well as strong domestic demand on the country's sudden change on its economic condition.

The article reports on the study conducted by the National Statistics Institute (INE) on the economic performance of the Republic of Cabo Verde and mentions its expected gross domestic product growth rate from 2015 and the industries that contributed to the country's economic growth.

Reports on developments concerning policy and practice in Africa, as of January 2004. Occurrence of a minor earthquake in Algeria on January 10, 2004; International Development Association's approval of a credit of 4.4 million dollars on December 16, 2003, to help Cape Verde meet development objectives through employment generation and improvements in living conditions; World Food Programme's appeal for 11 million dollars to provide urgent aid for Sudanese refugees camped in Chad.