NADBank launches program offering $300 million in border environmental loans

Who's involved

• North American Development Banklaunched new financing program
• Jesse HerefordNADBank director of institutional relations and communications
• John BeckhamNADBank managing director

The facts

• NADBank is a binational financial institution established and capitalized equally by U.S. and Mexican governments.^{1 2} Stated by 2 sources
• NADBank's Water Resiliency Fund is expected to provide $164 million for water conservation investments in lower Rio Grande Valley.^{1 2} Stated by 2 sources
• NADBank's next Board of Directors meeting is scheduled for 2 p.m. Thursday at McAllen Convention Center.^{1 2} Stated by 2 sources
• This is NADBank's first board meeting to be held in McAllen.^{1 2} Stated by 2 sources

Who said what

These are statements and claims made by the people involved. They are reported, not verified.

• Jesse Hereford Program will utilize financial intermediaries to help communities and private sector projects of $5 million or less.^{1 2}
• John Beckham Program will help strengthen access to water, sanitation and electricity services families rely on daily.^{1 2}