New NADBank Bill Expands U.S.-Mexico Collaboration

13 Jul

By Tina Kosikowski at MATT.org

U.S. Rep. Rubén Hinojosa, has recently filed a bill titled H.R. 2216: NADBank Enhancement Act of 2011, allowing the North American Development Bank (NADBank) to finance new types projects improving border infrastructure and transportation. The bill would essentially allow the Mexican and U.S. government to negotiate financing on projects with the intent of promoting growth in trade and commerce between the two nations.

Congressman Ruben Hinojosa stated, “We must continue our efforts to improve the economic development and safety in the border areas of both the United States and Mexico.”

Geronimo Gutierrez, Managing Director of the NADBank, “We support this timely legislation in that it would allow the Bank to address a broader array of infrastructure needs in the border region that would help foster economic development and improve the bilateral trade relationship, ultimately for the benefit of all border residents in the United States and Mexico.”

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