Liberia- 1st- Finance and banking sector

CHAPTER THREE: POLICY ACTIONS

3.4. Environment and Natural Resources

The following policy action shall be undertaken to address human rights issues related to the environment.

 a) Under the State Duty to Protect the Environment, the government commits to the following:

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viii. Government shall domesticate resettlement package that align with the AfDB and IFC principles of resettlement.

3.5. Transparency and Accountability

a) Under the State Duty to Protect

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iv. The Central Bank of Liberia shall ensure that in every loan agreement in all commercial banks, as part of the conditions for the loan facility, there is a clause that spells out that the loan receiver for business is under obligation to respect human rights in all business dealings consistent with the UN Guiding Principles on Business and Human Rights and the Constitution of Liberia.

b) Under Corporate Responsibility to Respect human rights

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v. Commercial banks and other financial institutions providing microfinance and other loan interventions to businesses, insurance providers, etc. must ensure that as part of their risk assessment and due diligence formalities, the client must show that they have a human rights policy and that they have taken measures to conduct human rights due diligence and human rights impact assessment