22 U.S.C. § 262m-5 : US Code - Section 262M-5: Environmental impact statements; factors considered; promotion of activities by United States Executive Directors

Search 22 U.S.C. § 262m-5 : US Code - Section 262M-5: Environmental impact statements; factors considered; promotion of activities by United States Executive Directors

(a) The Secretary of the Treasury shall instruct the United
States Executive Director of each multilateral development bank to
vigorously and continuously urge that each bank identify and
develop methods and procedures to insure that in addition to
economic and technical considerations, unquantified environmental
values be given appropriate consideration in decisionmaking, and
include in the documents circulated to the Board of Executive
Directors concerning each assistance proposal a detailed statement,
to include assessment of the benefits and costs of environmental
impacts and possible mitigating measures, on the environmental
impact of the proposed action, any adverse environmental effects
which cannot be avoided if the proposal is implemented, and
alternatives to the proposed action.
(b) The Secretary of the Treasury shall instruct the United
States Executive Director of each multilateral development bank to
vigorously and continuously promote -
(1) increases in the proportion of loans supporting
environmentally beneficial policies, projects, and project
components;
(2) the establishment of environmental programs in appropriate
policy-based loans for the purpose of improving natural resource
management, environmental quality, and protection of biological
diversity;
(3) increases in the proportion of staff with professional
training and experience in ecology and related areas and in the
areas of anthropological and sociological impact analysis to
ensure systematic appraisal and monitoring of environmental and
sociocultural impacts of projects and policies;
(4) active and systematic encouragement of participation by
borrowing countries nongovernmental environmental, community and
indigenous peoples' organizations at all stages of preparations
for country lending strategies, policy based loans, and loans
that may have adverse environmental or sociocultural impacts; and
(5) full availability to concerned or affected nongovernmental
and community organization, early in the preparation phase and at
all subsequent stages of planning of full documentary information
concerning details of design and potential environmental and
sociocultural impacts of proposed loans.