The North American Development Bank (NADB) and its sister institution, the Border Environment Cooperation Commission (BECC), were created under the auspices of the North American Free Trade Agreement (NAFTA) to address environmental issues in the U.S.-Mexico border region. The two institutions initiated operations under the November 1993 Agreement Between the Government of the United States of America and the Government of the United Mexican States Concerning the Establishment of a Border Environment Cooperation Commission and a North American Development Bank (the “Charter”).
NADB was established in San Antonio, Texas, and began operations on November 10, 1994, with the initial capital subscriptions of the U.S. and Mexican governments.
In June 2000, the NADB Board of Directors initiated discussions on expanding the Bank’s financing activities to more effectively serve border needs. These discussions gave rise to a broad set of reform initiatives, some of which required changes to the original BECC-NADB Charter. Following passage of the necessary U.S. and Mexican legislation, an amended Charter went into force on August 6, 2004.