Guyana’s hopes of using US-backed financing to build a 165-megawatt hydro electric project at Amaila Falls in Region Eight may have dwindled with reports that new laws have been passed that will see that North American country vote against such ventures. The project ran into trouble last year after the National Assembly failed to pass critical legislation, forcing Sithe Global, the US developer to pull out. Guyana had been depending on the Inter-American Development Bank (IDB) for partial financing of the US$840M project. Government says the project “is not dead” and it is still looking actively at financing. Sources say the Chinese are interested in funding the entire deal which the administration says will reduce the dependency on imported fuel for power.Below is the report,Cheap NFL Jerseys China, published in the The Jakarta Globe,Jerseys NFL China, on the new laws and how it may relate to Guyana. Washington (thejakartaglobe) – Development activists and rights watchdogs are applauding a surprise strengthening of environmental and human rights policies governing US development funding and overseas financial assistance.Under the new provisions, the United States will be required to vote against multilateral funding for large-scale hydroelectric projects in developing countries, as well as push for redress of rights violations resulting from development initiatives by international financial institutions.An artist’s impression of the proposed Amaila Falls project.In addition,Supply Cheap Jerseys, Washington will be barred from offering any bilateral assistance that could facilitate certain rights abuses, extractive industries or industrial logging in primary tropical forests.The new mandates constitute just a tiny part of a massive bill, signed into law on Jan. 17, that funds the federal government through the end of this financial year. But supporters say the provisions could have both direct implications for specific situations and pending projects as well as longer-lasting impacts on development funding and approaches.“The US Congress has taken an important step toward bridging the gap between US government policy on development finance and its human rights policy in requiring the US government to press international financial institutions to provide compensation or otherwise remedy human right violations linked to their projects,” Jessica Evans, a Washington-based researcher on international financial institutions at Human Rights Watch, told IPS.IMPACTThe new provisions, reportedly sponsored by Senator Patrick Leahy, will impact both on bilateral US funding through agencies such as USAID, as well as on the significant contributions that the United States provides to multilateral development institutions,Wholesale Jerseys Free Shipping, particularly the World Bank.US representatives will now be required to vote against multilateral funding for the construction of major hydroelectric projects, likely defined as anything over 15 metres high. Large dams have been criticised by development experts for decades, given their often inevitable impact on local communities and environmental systems.However, the World Bank recently unveiled a new institutional strategy that may include a prominent focus on big dams. Thus, the Leahy provisions could prove to be an impediment to the Washington-based development funder’s vision.“I applaud the US Congress for directing the US Treasury to oppose the financing of large dam projects through the World Bank and other financial institutions,” Deborah Moore, a former commissioner on the World Commission on Dams and current chair of the board of International Rivers, a global watchdog group, said in a statement.“I think the message now is clear: there are better options for meeting communities’ needs for electricity that are cheaper and sustainable.”International Rivers says the new law will require the United States to oppose current and pending hydro projects on the Indus and Congo rivers, as well as in Guyana, Laos and Togo.The appropriations bill also requires that the U.S. push multilateral funders, particularly the World Bank, to incorporate new external oversight and evaluation mechanisms for each project they undertake, to ensure that stipulated safeguards are being followed.According to a statement released to the media and published over the weekend, the World Bank is currently analysing the scope of the new provisions. Yet future U.S. funding for the bank could now be contingent on this new requirement.“The overall sentiment in provisions calling for stricter oversight and urging [World Bank President Jim Kim] to look outside the World Bank walls to better address the issues plaguing the institution is at the core of civil society advoca