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For Immediate Release
Office of the Press Secretary
September 5, 2001
BECC and NADBank have made a positive impact on the border's environmental needs: there are 44 certified projects, of which 35 are operational or under construction. These represent a total investment value of $940.5 million and benefit around seven million people on both sides of the border. Many more projects are in the pipeline, and the two institutions are providing valuable technical assistance to communities.
The United States and Mexico agreed in November 2000 to expand the range of environmental projects within the BECC-NADBank mandate and to start a new, lower-cost financing mechanism for lower income communities. The Fox Administration has proposed changes, which would allow NADBank financing in non-environmental sectors and in a wider geographic zone. The United States continues to believe that work on improving BECC and NADBank while keeping them focused on their primary mission -- border environmental infrastructure -- remains the top priority.
Both governments have launched discussions on how to improve the performance of both institutions in achieving their original mission and on ways to promote broader economic development in Mexico.
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