North American Development Bank

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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 ?
NADBank brings it all together for Rodriguez: the opportunity to do public works (80 construction projects are currently financed by the bank, including two sewage treatment plants in Juarez); and to improve relations between Mexico and the US.
Congress expressed its interest that the NadBank Board support qualified water conservation projects.
Lara, Francisco (1998), "The New Binational Institutions and the us-Mexico Border Environment: Ah Experts Assessments of the Integrity and Effectiveness of BECC and NADBank", ponencia presentada en Western Social Science Association 2000 Conference, San Diego, del 26 al 29 de abril de 2000.
NADBank hasn't done much, but it did loan Matamoros $14 million for a new, 40-acre, state-of-the-art sanitary landfill.
One problem in particular is the functioning of BECC and NADbank, the two institutions that are supposed to guide infrastructure development.
* BECC and NADBank must refine their citizen access and
El North American Development Bank (NADBank) tambien ha ofrecido fondos.
Multilateral Development Banks (MDB) play an important role in the crusade against transnational bribery since they control funds that may potentially be used by borrowers to engage in corrupt business practices.(249) Both the NAFTA-created North American Development Bank (NADBank) and the World Bank have recently instituted policies to discourage transnational bribery in the context of MDB-funded projects.
Passage of the North American Free Trade Agreement (NAFTA) created the Border Environment Cooperation Commission (BECC) and the North American Development Bank (NADBank) to respectively approve and finance environmental infrastructure projects within 100 kilometers on either side of the U.S.-Mexico border.
In 1993, the national governments signed a supplemental agreement to NAFTA that established the Border Environmental Cooperation Commission (BECC) and the North American Development Bank (NADBank).
Further, a 1995 NADbank survey reported that 83 per cent of residents of the Kitchener Census Metropolitan Area (which includes K-W) interviewed, shopped at Zehrs at least once in the previous month (Kitchener-Waterloo Record, 11 November 1995, pp.
The NAFTA negotiation created two new organizations to help develop border infrastructure: the Border Environmental Cooperation Commission (BECC) and the North American Development Bank (NADBank).