The North American Development Bank (NADB) is looking for clean energy projects that seek to improve air quality in the U.S.-Mexico border region. The bank is already involved in the development of several projects, including monitoring stations for wind energy projects, a biomass energy project, and several solar energy projects. The first energy efficiency projects should be presented to the NADB Board of Directors for financing in early 2005, with additional projects to follow later in the year. NADB hopes to augment these advances by seeking additional project proposals from private and public sector entities interested in exploring energy projects that will benefit residents along the joint border. The North American Development Bank, created in 1995 under the auspices of NAFTA, is a financial institution established and capitalized in equal parts by the United States and Mexico for the purpose of financing environmental infrastructure projects along their common border. Since its inception, the NADB has approved US$688 million in loans and grants to support construction of 83 environmental infrastructure projects in communities on both sides of the U.S.-Mexico border.