883

Chapter II provides for the establishment of the North American Development Bank, which shall: (a) provide financing for projects certified by the Border Environment Cooperation Commission; (b) provide financing endorsed by the United States or by Mexico. To implement its purposes the Bank shall utilize its capital and other resources available and shall fulfill the following functions: (a) to promote the investment of public and private capital; (b) to encourage and supplement private investment; (c) to provide technical assistance for the financing and implementation of plans and projects. Further provisions concern, among other matters, the capital of the bank, miscellaneous powers and distribution of profits, operations , status, immunities and provileges. Chapter III contain provisions regarding the entry into force and amendment of the Agreement and the definitions of terms mentioned therein. ; The Agreement aims at the conservation and protection of the environments of each contracting Party. Chapter I of the Agreement concerns the establishment of the Border Environment Cooperation Commission. The purpose of the Commission is to help preserve, protect and enhance the environment of the border region concerned. In providing such assistance the Commission shall give preference to environmental infrastructure projects relating to water pollution, wastewater treatment, municipal solid waste and related matters. The Chapter deals further with the organization and management of the Commission, its status, immunities and privileges.; FAO Descriptors: 110; 207; 209; 216; 088; TFDD Basin: BAS-FAOC015115BAS-FAOC015275BAS-FAOC015326BAS-FAOC015356;