The Environmental Impact Assessment Requirements of Development Bank of Ethiopia and their Implementation in Light of Environmental Impact Assessment Laws
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Date
2015-10
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Addis Ababa
Abstract
Environmental Impact Assessment is a tool to promote Sustainable Development. The
essence of sustainable development is balancing the need for development and protection
of environment.
Nowadays, Development Banks made EIA a precondition to finance projects and
International Conventions and Declarations require the use of EIA of development
programs and projects. Furthermore, judicial decisions passed by IC] recognized EIA as
Customary International Law status. Therefore, all Countries are obliged to use EIA of
projects. As a result Development Bank of Ethiopia concerns and has EIA requirements
as basic criteria to finance projects
To this end, the study is aimed to investigate the EIA requirements of DBE and their
implementation in light of EIA laws. Accordingly, the study employed quantitative and
qualitative research methods and found that even if, DBE has strong concern to
implement EIA of DBE financed projects, there are challenges encountered to implement
it.
The Thesis came up with the findings that DBE financed projects are harming the
environment and so that DBE should pay equa l attention to the formulation of Policy and
implementation of EIA. In addition, to achieve the common goal of sustainable
development, EIA should not be only the concern of DBE but also the concerns of allother private and government Banks in Ethiopia