The African Development Bank's lending this year is due to hit $11 billion, nearly double the volume in 2008 worth $5.8 billion, AfDB President Donald Kaberuka told

. The funding, Kaberuka added, will back budget support operations, infrastructure projects, trade finance and liquidity programs.

About the author

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    Eliza Villarino

    Eliza Villarino is an associate editor for Devex and leads the company's news team in Manila. She played a critical role in conceptualizing the Development Newswire. Prior to joining Devex in 2004, she has already published articles and news briefs for Internet media organizations and for the Institute for Ethics and Economic Policy at Fordham University in New York. She earned her bachelor's in political science and master's in public affairs from the University of the Philippines. Eliza is a member of Mensa Philippines.