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North American Development Bank
(redirected from NADBank)

   Also found in: Acronyms, Wikipedia 0.01 sec.
North American Development Bank
Also called the NADB. A binational organization between the United States and Mexico that provides financing for projects intended to improve the environment along the border between the two countries. Specifically, it finances projects certified by the Border Environment Cooperation Commission as being environmentally sustainable. The NADB was established in 1994 as a side agreement along with NAFTA. Its headquarters are in San Antonio, Texas.


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Coahuila governor brings up NADBANK controversy Another controversy that surfaced during the governors' closing statements was the Fox administration's lukewarm support for NADBANK, an agency created under NAFTA to help fund infrastructure projects along the US-Mexico border, which has had moderate success.
See NORTH AMERICAN DEVELOPMENT BANK, LOAN AND GUARANTY POLICIES AND OPERATIONAL PROCEDURES FOR PROJECTS CERTIFIED BY THE BORDER ENVIRONMENT COOPERATION COMMISSION 2 (1996) [hereinafter NADBANK POLICIES].
A Border Environmental Cooperation Commission will certify projects for NADBANK financing based on their technical and environmental merit.
 
 
 
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