The North American Development Bank: Forging New Directions in Regional Integration Policy

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Abstract
While the North American Free Trade Agreement (NAFTA) has been recognized as the most ambitious attempt to establish free trade across the wide income gap between rich and poor countries, few are aware that the political struggle around NAFTA also produced the North American Development Bank (NADBANK), a new type of institution designed for democratically based regional planning and international leveraging of public/private financing.1 A grassroots effort of Latino community and environmental groups created NADBANK to facilitate the financing of environmental infrastructure and economic development projects on the United States-Mexico border as well as in other communities needing adjustment assistance because of NAFTA. The success of such institution building to expand the scope and distribution of public and private investments will have decisive implications for whether North America will be able to generate environmentally sustainable and socially equitable integration.

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