§ 262m–3 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE Page 38

(Pub. L. 95–118, title XIII, §1303, as added Pub. L.

100–202, §101(e) [title I], Dec. 22, 1987, 101 Stat.

1329–131, 1329–134.)

CODIFICATION

Section 1303 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.

CHANGE OF NAME

Committee on Banking, Finance and Urban Affairs of

House of Representatives treated as referring to Committee on Banking and Financial Services of House of

Representatives by section 1(a) of Pub. L. 104–14, set

out as a note preceding section 21 of Title 2, The Congress.

SECTION REFERRED TO IN OTHER SECTIONS

This section is referred to in sections 262m–7, 262r–2 of

this title.

§ 262m–3. Cooperative information exchange system

The Secretary of the Treasury, in consultation

with the Secretary of State and the Administrator of the Agency for International Development, shall create a system for cooperative exchange of information with other interested

member countries on assistance proposals of the

multilateral development banks.

(Pub. L. 95–118, title XIII, §1304, as added Pub. L.

100–202, §101(e) [title I], Dec. 22, 1987, 101 Stat.

1329–131, 1329–134.)

CODIFICATION

Section 1304 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.

§ 262m–4. Environmental educational and training programs for mid-level bank managers

and officials of borrowing countries

The Secretary of the Treasury shall instruct

the United States Executive Directors of the

multilateral development banks to support the

strengthening of educational programs within

each multilateral development bank to improve

the capacity of mid-level managers to initiate

and manage environmental aspects of development activities, and to train officials of borrowing countries in the conduct of environmental

analyses.

(Pub. L. 95–118, title XIII, §1305, as added Pub. L.

100–202, §101(e) [title I], Dec. 22, 1987, 101 Stat.

1329–131, 1329–134.)

CODIFICATION

Section 1305 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.

§ 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, §1306, as added Pub. L.

100–202, §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.

§ 262m–6. Repealed. Pub. L. 101–240, title V,

§ 541(d)(4), Dec. 19, 1989, 103 Stat. 2518

Section, Pub. L. 95–118, title XIII, §1307, as added Pub.

L. 100–202, §101(e) [title I], Dec. 22, 1987, 101 Stat.

1329–131, 1329–134, required annual reports to Congress

on environmental policies.