News

Brownsville, Texas – The new Los Fresnos-Santa Rita Pump Station, which was partially financed with a grant for close to US$990,000 from the North American Development Bank (NADB), was inaugurated today by the Cameron County Irrigation District No. 6 (CCID#6).

Hermosillo, Sonora. – Today, the North American Development Bank (NADB) concluded its fiveweek webinar in Hermosillo, Sonora, with a conference featuring keynote speakers from the World Bank. The 40-hour webinar, “Turn Down the Heat: Why a 4°C Warmer World Must be Avoided” was offered in a group session by NADB through the massive open online course (MOOC) platform of the Word Bank.

San Antonio, Texas – Today, Fitch Ratings affirmed the ‘AA’ rating of the North American Development Bank (NADB) with a stable outlook.

Hermosillo, Sonora.- Today, the North American Development Bank (NADB) launched the first of five sessions of a webinar on climate change for staff at the Sonora State Water Commission (CEA). The opening session was presided over by Sergio Ávila Ceceña, Executive Director of the Commission, and NADB officers.

San Antonio, Texas – The Board of Directors for the Border Environment Cooperation Commission (BECC) and the North American Development Bank (NADB) held its semi-annual meeting and reviewed 2015 results for both institutions, which included the certification of 14 environmental infrastructure projects along the U.S.-Mexico border, representing a total estimated investment of more than US$833.6 million. Additionally, during the meeting, the Board approved a resolution doubling the capital of the Bank—US$450 in paid-in capital and the remainder in callable capital—subject to the legislative authorization processes of both countries.

San Antonio, Texas: The North American Development Bank (NADB) made an initial disbursement of US$1.8 million to Mercader Financial, S.A., SOFOM, E.R. (“Mercader”) to support its financing program for the purchase of low-emission vehicles manufactured by DINA Camiones S.A. de C.V.

Tecate, Baja California – A seminar on managing water resources under climate change conditions for water utilities and municipal public service departments began yesterday in Tecate, Baja California. The three-day seminar is being presented by the North American Development Bank (NADB) in coordination with the Latin American and Caribbean water center, Centro del Agua para América Latina y el Caribe (CDA), of the Monterrey Technological Institute (ITESM).

San Antonio, Texas - The Board of Directors of the North American Development Bank (NADB) and the Border Environment Cooperation Commission (BECC) has approved two-year contract extensions for NADB Managing Director Geronimo Gutierrez, NADB Deputy Managing Director Alex Hinojosa and BECC General Manager Maria Elena Giner.

San Antonio, TX – The North American Development Bank (NADB) and Buenavista Renewables (BVR) have signed a US$15.5 million loan agreement for construction of the Los Santos Solar I Park located in Ahumada, Chihuahua. The Overseas Private Investment Corporation (OPIC) is also providing senior debt in support of the project.

Tecate, Baja California, August 19, 2014. – The Governor of Baja California, Francisco Vega de la Madrid, along with Dr. Luis Videgaray, the Mexican Secretary of Finance and Public Credit, and Pedro Joaquín Coldwell, the Mexican Secretary of Energy, presided over the ribbon-cutting ceremony of the first U.S.-Mexico cross-border wind farm, which cost approximately US$300 million to build and is supplying energy to San Diego County, California.