New criteria for green loans on border?


In their recent meeting in Washington, D.C., U.S. President George W. Bush and Mexican President Vicente Fox agreed to make further changes to the binational development bank charged with funding environmental projects on the U.S.-Mexico border. Saying “immediate measures” are needed to boost the performance of the North American Development Bank (NADB) and its sister institution, the Border Environment Cooperation Commission (BECC), they called on a binational working group to propose reforms for the NADB and BECC by Oct. 31. Largely as a result of booming U.S.-Mexican trade, the border is one of the most rapidly growing regions of North America. In 1960, its population was 1 million; today it totals over 11.5 million, and projections indicate that by 2020 the area will... [Log in to read more]

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