North American Development Bank
| Company type | Bilateral financial institution |
|---|---|
| Industry | Finance, Infrastructure development |
| Founded | 1993 |
| Headquarters | United States, Mexico |
Area served | US-Mexico border region |
Key people | Carlos Márquez-Padilla Casar (Chairman in 2017) |
| Products | Infrastructure financing, Technical assistance |
| Website | www |
The North American Development Bank (NADBank) is a bilateral financial entity jointly funded and overseen by the Federal Governments of the United States of America and Mexico. Its primary role is to provide funding for infrastructure initiatives that promote development and execution within the border region. In 2013, NADBank became part of the U.S.--Mexico High Level Economic Dialogue to foster enhanced economic expansion, productivity, entrepreneurship, and innovation between both nations. The institution combined with the Border Environment Cooperation Commission in 2017.
History
The creation of NADBank was authorized through the Border Environment Cooperation Agreement signed in 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).[1] The U.S. government’s involvement was sanctioned under § 541 of the North American Free Trade Agreement Implementation Act ().
Infrastructure financing
NADBank provides infrastructure financing through several programs:[2]
- Loan Program
- Community Assistance Program
- Border Environment Infrastructure Fund (BEIF)
Technical Assistance Program (TAP)
Through its Technical Assistance Program, NADBank delivers support via research, workshops, and training centered on:[2]
- Project preparation
- Sector-specific analyses
- Capacity development
Project Development Assistance Program (PDAP)
Recipients of BEIF grants qualify for PDAP technical assistance designed to aid project development activities that ensure effective implementation, long-term sustainability, and proper management.[3]
Border 2025: U.S.-Mexico Environmental Program
Building upon the foundations laid by the 1983 La Paz Agreement as well as the Border 2012 and Border 2020 Environmental Programs, Border 2025 encourages active engagement from communities and local stakeholders to tackle environmental issues along the U.S.-Mexico border.
Merger with BECC
In 2017, NADBank merged with the Border Environment Cooperation Commission (BECC). Carlos Márquez-Padilla Casar, who served as Head of International Finance at Mexico’s Ministry of Finance (SHCP) and chaired the Board in 2017, remarked:
This merger ushers in a renewed chapter for the institution by preserving its commitment to safeguarding human health and environmental quality in border areas. It enhances the Bank’s capabilities and operational effectiveness to better address border community requirements.
External links
- ↑ Template:USC
- ↑ 2.0 2.1 Cite error: Invalid
<ref>tag; no text was provided for refs named:0 - ↑ "Border Environment Infrastructure Fund (BEIF/PDAP) | NADB: North American Development Bank". www.nadb.org. Retrieved 2024-11-28.
- 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