North American Development Bank

(redirected from NADB)
Also found in: Acronyms.

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.
References in periodicals archive ?
NADB is the primary database, which means that other datasets are needed to integrate with it and retrieve addresses from it.
Based on this definition, the specific sectors that BECC and NADB currently address are the following:
Finally, the Board was also informed of the outcomes of the third impact assessment carried out by NADB and BECC for a water and wastewater collection infrastructure project that was certified and implemented between 1995 and 2003 in the communities of Socorro and San Elizario, an area known as the Lower Valley in El Paso County, Texas.
Currently, NADB is involved in the development of several of these types of projects, including wind energy projects, a biomass energy project, and several solar energy projects.
The certification and financing of these two projects represents the most substantial impact that BECC and NADB have made to emissions reductions to date," stated Maria Elena Giner, BECC General Manager, adding that "Ultimately, this translates into improved air quality and improved human health in the border region.
This is a reflection of NADB's credit ratings, Aaa and AA+ by Moody's and Standard & Poor's, respectively," stated NADB Managing Director Geronimo Gutierrez, adding, "The terms obtained by NADB will ultimately benefit our project sponsor communities throughout the U.
The investment-grade ratings on NADB, indicative of its very strong debt-servicing ability, mirror its extraordinarily strong capital position and ample liquidity.
NAFTA played a critical role in redefining and strengthening trade relations within North America, and creating what is now the largest free trade area in the world," says Geronimo Gutierrez, Managing Director, NADB.
Since June 2011 three solar energy projects have been certified by BECC and received financing approval from NADB for loans totaling US$179.
NADB will provide a US$11 million loan to the city, which will cover about 33% of the US$46.
Within the framework of the Solar Power International 2011 conference in Dallas, Texas, the agreement was signed by Javier Garfio Pacheco, Secretary of Communications and Public Works for the State of Chihuahua, NADB Deputy Managing Director Alex Hinojosa, and BECC Deputy General Manager Jose Mario Sanchez.
Requests for Expressions of Interest for Provision of Advisors to the Funding Committee Expert advisors can be called upon by NADB to review a project and provide opinion as part of the Funding Committee s review process.