NADBank to allocate $400 million to finance water projects in the US-Mexico border region
During the first semiannual meeting of the North American Development Bank (NADBank) in 2025, the Governments of the United States and Mexico, through the Board of Directors, agreed to invest up to US$400 million in priority water conservation and diversification infrastructure in response to prolonged drought conditions throughout the U.S.-Mexico border region. NADBank will welcome input from the public on the Water Resilience Fund (WRF) during a 30-day public comment period, after which the Board will consider its final approval. Through the WRF, NADBank will allocate up to US$100 million in retained earnings over the next five years for concessional financing, as well as make up to US$300 million available for low-interest loans from its established lending resources. NADBank may also supplement these instruments with market-rate financing to further expand the reach and impact of available resources.