San Antonio, TX –The North American Development Bank (NADB) seeks public comments from interested stakeholders regarding its intention to expand the types of environmental infrastructure projects in which it invests in the U.S-Mexico border region. Public comments will be open for a 30-day period, which started on June 1st and closes on July 1st, 2021.
At last month’s meeting of the NADB Board of Directors, the Board directed Bank management to submit for public comment its proposal for NADB to participate in the development and financing of new types of environmental projects that will allow the Bank to further its mission to preserve, protect and enhance the environment of the border region in order to advance the well-being of the people of both countries.
The expansion of NADB operations into new types of environmental infrastructure projects will promote the effective deployment of the Bank’s capital, which was recently doubled by the governments of the United States and Mexico, in pursuit of its mission. The additional project types will also generate retained earnings to fund grant programs to support the most vulnerable communities and projects in the priority sectors of water, wastewater and solid waste that are more dependent on grant financing.The proposal is available at: https://www.nadb.org/our-projects/projects-open-for-public-comment/proposal-for-new-project-types-for-nadb
NADB is a financial institution established and capitalized in equal parts by the United States and Mexico for the purpose of financing environmental infrastructure projects along their common border. As a pioneer institution in its field, the Bank is working to develop environmentally and financially sustainable projects with broad community support in a framework of close cooperation and coordination between Mexico and the United States.