North American Development Bank

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 and Mexico to provide financing to support the development and implementation of infrastructure projects.

[2] 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.

)[3] In the United States, participation by the government was authorized by North American Free Trade Agreement Implementation Act § 541 (22 U.S.C. § 290m).

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:[2]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.