News

To reverse the historic backlog in water infrastructure and secure an adequate water supply for Baja California households, as well as to take aggressive action regarding wastewater issues, Baja California Governor Marina del Pilar Avila Olmeda executed the state’s first sustainable financing with the North American Development Bank (NADBank) for $3.0 billion Mexican pesos.

Mexico City, Mexico – The North American Development Bank (NADBank) and Nueve Uno Integradora, S.A. de C.V., signed a US$14.2-million loan agreement to finance construction of the OSME medical complex in San Luis Rio Colorado, Sonora. This project will increase access to general and urgent healthcare services for local residents, as well as for agricultural workers and their families in the southwestern region of the United States.

The North American Development Bank (NADBank), an international financial organization governed and capitalized in equal parts by the Governments of the United States and Mexico, is seeking proposals from law firms interested in providing purchaser’s counsel services for public finance transactions in Texas.

Fitch Ratings has assigned North American Development Bank (NADB) a 'AAA(mex)' National Long-Term Rating. The Outlook is Stable.

NADB's Long-Term Issuer Default Rating (IDR; AA+/Stable) is materially above Mexico's sovereign Long-Term IDR (BBB-/Stable). Consequently, the bank's rating on the Mexican National Rating Scale is 'AAA(mex)'.

To read Fitch's report related to NADBank’s credit rating, please click here

U.S. Ambassador to Mexico Ken Salazar and Mexican Ambassador to the U.S. Esteban Moctezuma inaugurated the U.S.-Mexico Border Environmental Forum (BEFXXVI) being held in San Antonio, Texas from August 24-25.

San Antonio, Texas –The North American Development Bank (NADBank) signed a US$46.9-million loan for the Zier Solar and Energy Storage Project under development by Cypress Creek Renewables on Aug. 12, 2022. The project consists of the design, construction, and operation of a 208MW solar farm and a 40MW/ 80MWh, battery energy storage system (BESS) located in Kinney County, Texas. Upon completion, the project will increase the installed capacity of renewable energy resources and energy storage in the Texas grid.

San Antonio, Texas – The North American Development Bank (NADBank) is hosting the U.S.-Mexico Border Environmental Forum XXVI on August 24 and 25 at the International Center in downtown San Antonio, Texas. With the theme “Creating a Greener and More Prosperous Border” the event focuses on cross-border partnerships, climate finance and environmental, social and governance (ESG) trends, climate change mitigation and adaptation, clean energy and water, among other topics.  Featuring top U.S. and Mexican officials, the two-day event is an opportunity to analyze about sustainable development that can help improve the environment in the border region.

NADBank Managing Director Calixto Mateos shares the experience, work strategies and next steps of this binational bank in support of sustainable projects that improve the environment of the region.

Fitch revised its assessment of shareholders' capacity to support the bank to 'aaa' from 'aa+', as callable capital from the United States (AAA/Stable) now fully covers NADB's net debt. Support capacity and a stable US sovereign outlook are key drivers of the rating.

To read Fitch's report related to NADBank’s credit rating, please click here

• Green Loan Program is designed to finance environmental sustainability for small, rural and other borrowers with limited access to NADBank financing through loans to financial intermediaries
• US$156 million in financing approved for three new environmental infrastructure projects in Texas and Chihuahua communities