S&P Global Ratings assesses North American Development Bank’s Sustainable Financing Framework as aligned with Social Bond Principles, ICMA, 2023; Social Loan Principles, LMA/LSTA/APLMA, 2023; Green Bond Principles, ICMA, 2021 (with June 2022 Appendix 1); Green Loan Principles, LMA/LSTA/APLMA, 2023; and Sustainability Bond Guidelines ICMA, 2021. North American Development Bank is a binational financial institution between the governments of Mexico and the U.S. The bank was founded in 1994 and is based in San Antonio, Texas. It provides loan and grant financing as well as technical assistance to support the development and implementation of infrastructure projects throughout the U.S.-Mexico border region to support border communities and businesses make the transition to a greener economy and become more resilient to climate change.