EPA's Role with the North American Development Bank (NADB)
The North American Development Bank (NADB) Exitis a binational institution established by the Governments of the United States and Mexico to provide financing to support environmental infrastructure projects. NADB also provides technical and other assistance for projects and actions that preserve, protect or enhance the environment to advance the well-being of the people of the United States and Mexico.
The NADB is jointly governed by the United States and Mexico, via a 10-member Board of Directors:
- From the federal government of the United States, the board members include the Administrator for EPA, and the Secretaries of State and Treasury.
- From the federal government of Mexico, the board members include the Secretaries for the Environment and Natural Resources (SEMARNAT), Treasury (Hacienda; SHCP), and External Relations (Secretaria de Relaciones Exteriores; SRE).
- The board also includes one state representative and one border resident from each country.
EPA has been an active participant as a member of the Board of Directors for NADB, helping to ensure that the projects approved by the Board achieve human health and/or environmental benefits, and that completed projects have achieved the anticipated results. In addition, EPA has made it a top priority that transparency and accountability continue to guide the work of the NADB.
The total number of projects funded by NADB and the amount of financing provided by NADB from its inception until September 30, 2019 is approximately US$3.13 billion in loans and grants to help finance 260 certified projects. To date, 96% of the contracted financing has been disbursed for project implementation.
Of the 260 projects receiving financing from the Bank, 211 have completed construction and financing activity and/or have been closed out.