Page:United States Statutes at Large Volume 118.djvu/3067

 118 STAT. 3037 PUBLIC LAW 108–447—DEC. 8, 2004 (b) Section 501(i) of Public Law 106–113 is amended by striking ‘‘2003–2004’’ and inserting ‘‘2000–2006’’. COMPLIANCE WITH THE ALGIERS AGREEMENTS SEC. 592. None of the funds appropriated by this Act may be made available for assistance for the central Governments of Ethiopia or Eritrea unless the Secretary of State certifies and reports to the Committees on Appropriations that such government is taking steps to comply with the terms of the Algiers Agreements: Provided, That this section shall not apply to democracy, rule of law, peacekeeping programs and activities, child survival and health, basic education, and agriculture programs: Provided further, That the Secretary may waive the requirements of this section if he determines that to do so is in the national security interests of the United States. ADMINISTRATIVE PROVISIONS RELATED TO MULTILATERAL DEVELOPMENT BANKS SEC. 593. (a) Section 1307 of the International Financial Institu tions Act (22 U.S.C. 262m–7) is amended— (1) by striking subsection (a) and inserting the following: ‘‘(a) ASSESSMENT REQUIRED BEFORE FAVORABLE VOTE ON PRO POSAL.—The Secretary of the Treasury shall instruct the United States Executive Director of each multilateral development bank not to vote in favor of any proposal (including but not limited to any loan, credit, grant, guarantee) which would result or be likely to result in significant impact on the environment, unless the Secretary, after consultation with the Secretary of State and the Administrators of the United States Agency for International Development and the Environmental Protection Agency, determines that for at least 120 days before the date of the vote— ‘‘(1) an assessment analyzing the environmental impacts of the proposed action, including associated and cumulative impacts, and of alternatives to the proposed action, has been completed by the borrower or the bank and has been made available to the board of directors of the bank; and ‘‘(2) such assessment or a comprehensive summary of the assessment (with proprietary information redacted) has been made available to affected groups, and local nongovernmental organizations and notice of its availability in the country and at the bank has been posted on the bank’s website.’’; and (2) by striking subsection (g) and inserting the following: ‘‘(g) MULTILATERAL DEVELOPMENT BANK DEFINED.—In this title, the term ‘multilateral development bank’ means the International Bank for Reconstruction and Development, the European Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation, the Multilateral Investment Guarantee Agency, the African Development Bank, the African Development Fund, the Asian Development Bank, the Inter American Development Bank, the Inter American Investment Cor poration, any other institution (other than the International Mone tary Fund) specified in section 1701(c)(2), and any subsidiary of any such institution.’’. (b) Section 1303(b) of the International Financial Institutions Act (22 U.S.C. 262m–2(b)) is amended— 22 USC 2395 note.

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