§ 262m-5. — Environmental impact statements; factors considered; promotion of activities by United States Executive Directors.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC262m-5]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
Sec. 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.
(Pub. L. 95-118, title XIII, Sec. 1306, as added Pub. L. 100-202,
Sec. 101(e) [title I], Dec. 22, 1987, 101 Stat. 1329-131, 1329-134.)
Codification
Section 1306 of Pub. L. 95-118 is based on section 701 of title VII
of H.R. 3750, One Hundredth Congress, as introduced Dec. 11, 1987, and
enacted into law by Pub. L. 100-202.
