Page:United States Statutes at Large Volume 103 Part 3.djvu/442

 103 STAT. 2510 PUBLIC LAW 101-240—DEC. 19, 1989 "(c) INCLUSION OP CERTAIN ITEMS IN GUIDELINES.— The United States Executive Directors shall endeavor to include the provisions of paragraphs (1) through (5) of subsection (b) in the guidelines developed through the negotiations specified in this section. 22 USC 262p-4j. "SEC. 1615. PROMOTION OF LENDING FOR THE ENVIRONMENT. "The Secretary of the Treasury shall instruct the United States Executive Director of the International Bank for Reconstruction and Development to initiate discussions with the other executive direc- tors of such hank and the management of such bank and propose that, in order to reduce the future need for bank lending for reforestation and restoration of environmentally d^raded areas, the bank establish a project and poller^ based environmental len(Ung program (including a loan a portion of which could be used to reduce and restructure private debt), to be made available to interested countries with a demonstrated commitment to natural resource conservation, which would be based on— "(1) the estimated long-term economic return which could be expected from the sustainable use and protection of tropical forests, including the value of tropical forests for indigenous people and for science; "(2) the value derivedfromsuch services as— "(A) watershed management; "(B) soil erosion control; "(O the maintenance and improvement of— "(i) fisheries; "(ii) water supply regulation for industrial development; " (iipfood; "(iv)fuel;

"(v) fodder^ and "(vi) building materials for local communities; "(D) the extraction of naturally occurring products from locally controlled protected areas; and "(E) indigenous Knowledge of the management and use of natural resources; and "(3) the long-term benefits expected to be derived from maintaining biological diversity and climate stabilization. 22 USC 262p-4k. "SEC 1616. PROMOTION OF INSTITUTION-BUILDING FOR NONGOVERN- MENTAL ORGANIZATIONS CONCERNED WITH THE ENVIRONMENT. "The Secretary of the Treasury shall instruct the United States Executive IMrectors of the multilateral development banks to vigor- ously promote the adoption of policies and procedures which seek to— "(1) increase collaboration with, and, where necessaxy, strengthen, nongovernmental organizations in such countries which are concerned with environmental protection by provid- ing appropriate assistance and support for programs and activi- ties on environmental protection; and "(2) encourage international collaboration for information exchange and project enhancement with nongovernmental organizations in developing countries which are concerned with environmental protection and government agencies and private voluntary organizations in developed countries which are con- cerned with environmental protection.".

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