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North American Development Bank hopes NAFTA renegotiation helps recapitalization effort

September 20, 2017 at 6:42 PM
The North American Development Bank, created by NAFTA to finance infrastructure projects that cross the U.S.-Mexico border, is hoping the renegotiation of the deal will spur the two countries to fund a recapitalization effort. Alex Hinojosa, the bank's acting managing director, told Inside U.S. Trade that the U.S. and Mexican government could use the NAFTA renegotiation to inject the bank with more equity and allow it to finance more projects. The two governments each committed $1.5 billion of initial...

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