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.

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 The North American Free Trade Agreement (NAFTA ; es, Tratado de Libre Comercio de América del Norte, TLCAN; french: Accord de libre-échange nord-américain, ALÉNA) was an agreement signed by Canada, Mexico, and the United States that crea ...

§ 541 ().

References

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External links

The North American Development Bank websiteThe BECC website
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 Development finance institutions