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News

April 21, 2020

NADB Board of Directors to host online public meeting on May 21, 2020

The North American Development Bank (NADB) cordially invites you to attend a public meeting of its Board of Directors via webinar on Thursday, May 21, 2020. NADB is an international financial institution established by the United States and Mexico for the purpose of developing and financing environmental infrastructure projects within the U.S.-Mexico border region.

March 26, 2020

$3M grant agreement signed for water project in Presidio, Texas

The North American Development Bank (NADB) and the City of Presidio, Texas, signed a $3 million grant agreement. The grant is being provided through NADB’s Border Environment Infrastructure Fund (BEIF), which is funded by the U.S. Environmental Protection Agency (EPA) and will go toward improvements to the city’s drinking water system.

March 19, 2020

Fitch Affirms North American Development Bank at 'AA'; Outlook Stable

Fitch Ratings has affirmed North American Development Bank's (NADB) Long-Term Issuer Default Rating (IDR) at 'AA' with a Stable Outlook. A full list of ratings is below.

January 27, 2020

NADB hires new Chief Financial Officer

The North American Development Bank (NADB) has hired Julio Zamora, a dual United States and Mexico citizen with over 30 years of experience in international financial markets, as its new Chief Financial Officer.

January 16, 2020

USMCA passage and North American Development Bank Statement

“More than 17 million US-Mexico border residents have been positively impacted by the Bank’s financing of environmental infrastructure. I am pleased that our work in partnership with our many border stakeholders is being validated through the inclusion of the capital increase in USMCA,” said Dr. Calixto Mateos-Hanel, Managing Director of the North American Development Bank.

January 07, 2020

US$11.2-million loan contracted to rehabilitate and upgrade wastewater treatments plants in Chihuahua, Chihuahua

The North American Development Bank (NADB) and Aguas de Reúso y Energía Renovable, S.A. de C.V., (ARERSA) signed a loan agreement for up to $233.4 million pesos (equivalent to about US$11.2 million), to cover part of the financing for the rehabilitation and upgrade of the North and South Wastewater Treatment Plants (WWTP) in Chihuahua, Chihuahua.

December 19, 2019

NADB, Santander, Banorte and EKF, sign loan agreement for a 117-MW wind project in Reynosa, Tamaulipas with Delaro, S.A.P.I. de C.V., sponsored by Thermion

The North American Development Bank (NADB), Banco Santander, S.A., Banco Mercantil del Norte, S.A. (Banorte), as lenders, with the participation of EKF Danmarks Eksportkredit (EKF), as guarantor, have signed a loan agreement for the design, construction and operation of the 117-megawatts (MW) wind farm “Delaro, S.A.P.I. de C.V.”, located in the municipality of Reynosa, Tamaulipas. The project is sponsored by Fideicomiso Thermion Energy CKD I.

December 10, 2019

NADB Board of Directors approves loan for 100-MWAC Akin Solar Project in Pitiquito, Sonora

The Board of Directors of the North American Development Bank (NADB) has approved a loan for up to US$100 million for the design, construction and start-up of the Akin Solar Energy Project located in the municipality of Pitiquito, Sonora.

November 19, 2019

IFC and NADB provide US$200 million loan to IEnova to fund solar power projects in México

IFC, a member of the World Bank Group, and the North American Development Bank (NADB) will provide US$200 million in green loans to Infraestructura Energética Nova S.A.B. de C.V. (IEnova), to finance four solar power plants with a total capacity of 376 MW across Mexico.

November 14, 2019

Seven new environmental projects with total investment of US$386 million approved by NADB Board of Directors

San Antonio, Texas – The Board of Directors of the North American Development Bank (NADB) announced the approval of US$168 million in financing for seven new projects in the sectors of water and renewable energy that will benefit more than 1.23 million residents in communities on both sides of the U.S.-Mexico border. The Board also appointed Dr. Calixto Mateos-Hanel as Managing Director of the NADB. Dr. Mateos-Hanel will serve in this capacity through December 31, 2023.