North American Development Bank

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Binational financial institution supporting infrastructure development.

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.)^[1]

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