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Y 4.896/10:5.hry.100-679

S. HRG. 100-679

APPLICATION OF THE NATIONAL ENVIRONMENTAL

POLICY ACT TO U.S. PARTICIPATION IN AC-
TIONS OF INTERNATIONAL FINANCIAL INSTITU-
TIONS

GS RECORD ONLY:

HEARING

BEFORE THE

SUBCOMMITTEE ON
HAZARDOUS WASTES AND TOXIC SUBSTANCES

OF THE

COMMITTEE ON
ENVIRONMENT AND PUBLIC WORKS

UNITED STATES SENATE

ONE HUNDREDTH CONGRESS

SECOND SESSION

UNIVERCITY

JUNE 16, 1988

STANFORD

Printed for the use of the Committee on Environment and Public Works

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U.S. GOVERNMENT PRINTING OFFICE

87-156

WASHINGTON : 1988

For sale by the Superintendent of Documents, Congressional Sales Office

U.S. Government Printing Office, Washington, DC 20402

COMMITTEE ON ENVIRONMENT AND PUBLIC WORKS

QUENTIN N. BURDICK, North Dakota, Chairman DANIEL PATRICK MOYNIHAN, New York ROBERT T. STAFFORD, Vermont GEORGE J. MITCHELL, Maine

JOHN H. CHAFEE, Rhode Island MAX BAUCUS, Montana

ALAN K. SIMPSON, Wyoming FRANK R. LAUTENBERG, New Jersey STEVE SYMMS, Idaho JOHN B. BREAUX, Louisiana

DAVE DURENBERGER, Minnesota BARBARA A. MIKULSKI, Maryland

JOHN W. WARNER, Virginia HARRY REID, Nevada

LARRY PRESSLER, South Dakota BOB GRAHAM, Florida

PETER D. PROWITT, Staff Director
Bailey GUARD, Minority Staff Director

SUBCOMMITTEE ON HAZARDOUS WASTES AND Toxic SUBSTANCES

MAX BAUCUS, Montana, Chairman FRANK R. LAUTENBERG, New Jersey DAVE DURENBERGER, Minnesota BARBARA A. MIKULSKI, Maryland

JOHN H. CHAFEE, Rhode Island HARRY REID, Nevada

ALAN K. SIMPSON, Wyoming BOB GRAHAM, Florida

STEVE SYMMS, Idaho

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CONTENTS

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29 40557

1858

XL

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APPLICATION OF THE NATIONAL ENVIRONMENTAL POLICY ACT TO U.S. PARTICIPATION IN ACTIONS OF INTERNATIONAL FINANCIAL IN. STITUTIONS

THURSDAY, JUNE 16, 1988

U.S. SENATE, COMMITTEE ON ENVIRONMENT AND PUBLIC WORKS, SUBCOMMITTEE ON HAZARDOUS WASTES

AND Toxic SUBSTANCES,

Washington, DC. The subcommittee met, pursuant to notice, at 9:32 a.m., in room 406, Dirksen Senate Office Building, Hon. Max Baucus, (chairman of the subcommittee) presiding.

Present: Senators Baucus, Symms, and Durenberger.

OPENING STATEMENT OF HON. MAX BAUCUS, U.S. SENATOR

FROM THE STATE OF MONTANA Senator BAUCUS. The subcommittee will come to order.

The subcommittee is meeting this morning to hear testimony on a subject of national and international importance. Simply stated, should the United States require that economic development projects for other countries meet our own strict environmental standards before we support development loans for these projects?

In essence, should the United States' domestic policies be the guidelines for our foreign policy, especially when it applies to developing nations?

We are only too familiar with the profound global effects of deforestation, loss of productive farmland through substandard agricultural practices, and through poorly conceived hydropower projects. The bottom line is that bad economic development projects result in incalculable human suffering and the destruction of almost irreplaceable natural resources.

Examples abound of projects financed by the international community that have gone seriously awry because of bad planning and poor implementation.

In Botswana, a beef export project backfired, causing widespread desertification and destruction of wildlife populations. The cruelest irony is that despite large exports of beef, 65 percent of that country is now dependent on foreign food aid where once it was selfsufficient.

In Brazil, the Polonoreste project has been an economic and social disaster, with global implications. Thousands of people were

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