The North American Development Bank (NADBank) is a binational financial institution capitalized and governed equally by the Federal Governments of the

United States of America The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 states and a federal capital district, Washington, D.C. The 48 contiguo ...

and

Mexico Mexico, officially the United Mexican States, is a country in North America. It is the northernmost country in Latin America, and borders the United States to the north, and Guatemala and Belize to the southeast; while having maritime boundar ...

to provide financing to support the development and implementation of infrastructure projects. In 2013, the banking institution was integrated into the U.S.--Mexico High Level Economic Dialogue in terms of making effective use of it in terms of fostering economic growth, productivity, entrepreneurship, and innovation between Mexico and the United States. In 2017, the North American Development Bank merged with the

Border Environment Cooperation Commission The Border Environment Cooperation Commission (BECC) headquartered in Ciudad Juarez, Chihuahua (state), Chihuahua, Mexico, is a binational organization created in 1994 by the Federal Governments of the United States, United States of America and M ...

History

The NADBank was established by the Border Environment Cooperation Agreement of November 1993 (''Agreement Between the Government of the United States of America and the Government of the United Mexican States Concerning the Establishment of a Border Environment Cooperation Commission and a North American Development Bank.'') In the United States, participation by the government was authorized by North American Free Trade Agreement Implementation Act § 541 ().

Infrastructure financing

Infrastructure financing from the bank consists of the following: * Loan Program * Community Assistance Program * Border Environment Infrastructure Fund (BEIF)

Technical Assistance

Technical Assistance Program (TAP)

The NADB provides technical assistance by providing technical studies, forums, and training programs under the following classifications: * Project development * Sector Studies * Capacity Building

Project Development Assistance Program (PDAP)

Projects selected to receive a BEIF grant are also eligible to receive technical assistance through PDAP to support development activities aimed at facilitating their successful implementation and reinforcing their long-term sustainability and proper operation.

Border 2025: U.S.-Mexico Environmental Program

The Border 2025 Program is an environmental program implemented under or build upon the following agreements: * The 1983 La Paz Agreement * The Border 2012 Environmental Program * The Border 2020 Environmental Program The U.S.-Mexico Environmental Program encourages meaningful participation from communities and local stakeholders.

Merger with BECC

In 2017, NADB announced its merger with the Border Environment Cooperation Commission (BECC). As stated by Carlos Márquez-Padilla Casar, Head of International Finance at Mexico’s Ministry of Finance ( Secretaría de Hacienda y Crédito Público or SHCP) and Board chair for 2017:

This merger defines a new era for the institution that maintains its mission of helping to preserve and protect human health and environmental conditions for the communities in the border region. In addition, this merger ensures that the Bank’s functions and operations continue to be strengthened to serve border needs more effectively.

References

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External links

The North American Development Bank websiteBECC and NADB Merger Announcement
Banking in Mexico Mexico–United States relations Environment of the United States Environment of Mexico Economy of North America Banks based in Texas North American Free Trade Agreement Intergovernmental environmental organizations Multilateral development banks Government agencies established in 1993 1993 establishments in Mexico 1993 establishments in the United States