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U.S. Code as of:
01/19/04
Section 262m. Congressional findings and policies for multilateral development banks respecting environment, public health, natural resources, and indigenous peoples
The Congress finds that -
(1) United States assistance to the multilateral development
banks should promote sustainable use of natural resources and the
protection of the environment, public health, and the status of
indigenous peoples in developing countries;
(2) multilateral development bank projects, policies, and loans
have failed in some cases to provide adequate safeguards for the
environment, public health, natural resources, and indigenous
peoples;
(3) many development efforts of the multilateral development
banks are more enduring and less costly if based on consultations
with directly affected population groups and communities;
(4) developing country governments sometimes do not ensure that
appropriate policies and procedures are in place to use natural
resources sustainably or consult with affected population groups
and communities, where costs could be reduced or benefits made
more enduring; and
(5) in general, the multilateral development banks do not yet
provide systematic and adequate assistance to their borrowers to
encourage sustainable resource use and consultation with affected
communities, where costs could be reduced or benefits made more
enduring.
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