African Development Bank President Donald Kaberuka said the region’s infrastructure sector will benefit the most from the capital increase endorsed by the bank’s Governors Consultative Committee, according to an AfDB press release. At a conference on financial flows to Africa in Washington, Kaberuka said the funding boost will meet not just the demands for traditional infrastructure but also information infrastructure, enabling Africa to rebound from the financial crisis.
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About the author
Chiden Balmes
Chiden, a correspondent based in Seoul, focuses on computer-assisted reporting to provide international development professionals with practical business and career information. He also contributes to the Development Newswire and the Global Development Briefing, two of the world's highest-circulation development publications.
