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 ?
67 North American Development Bank Website, December 18, 1996
Because of concerns regarding the environment, the NAFTA negotiations created two additional agreements: the North American Commission for Environmental Cooperation (the environmental side agreement) and the agreement establishing the Border Environment Cooperation Commission (BECC) and the North American Development Bank (NADBank).
As part of the NAFTA accord, the United States and Mexico agreed to create a North American Development Bank (NADBANK) that will finance infrastructure development and environmental improvement along the United States-Mexico border and finance community development in the United States and Mexico.
John Bryant (D., Tex.): $250 million in funding for the North American Development Bank, intended for infrastructure projects.
1) a North American Development Bank (NADBank), capitalized in equal shares by the United States and Mexico, that will provide some $2 billion or more in new financing to supplement existing sources of funds and foster the expanded participation of private capital; and
Securities and Exchange Commission, affirmed North American Development Bank's (NADB) Long-Term Issuer Default Rating (IDR) at 'AA' with a Stable Outlook.
The North American Development Bank and the Border Environment Cooperation Commission will provide technical assistance funding to the Government of the State of Baja California for installation of solar energy equipment for the children's hospital.
The North American Development Bank is a financial institution established and capitalized in equal parts by the United States and Mexico for the purpose of financing environmental infrastructure projects along their common border.
Established under the North American Free Trade Agreement of 1993, the Border Environment Cooperation Commission is a joint U.S.-Mexico international organization with a mandate to assist border communities in developing environmental infrastructure projects, and to certify the feasibility of these projects for the purpose of receiving loans from the sister institution, the North American Development Bank (NADBank).
With expansion into new environmental sectors beyond its traditional areas, the North American Development Bank (NADB) is actively pursuing projects that seek to improve air quality in the Mexico-U.S.
One hundred and seventy-four Republican congressmen--76 percent of the GOP House contingent --scored less than 47 percent for the same indexes, which included key votes on such measures as prescription drug benefits, job training, abortion at military facilities and funding for the North American Development Bank. This is an indictment of the GOP, not an endorsement of Sanders.
The Chihuahua state water agency, Junta Central de Agua y Saneamiento del Estado de Chihuahua (JCAS),has received a grant from the North American Development Bank (NADB) through its Border Environment Infrastructure Fund (BEIF), which is funded by contributions from the U.S.

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